ECON 4550 - The Economics of Strategy

3 Class Hours 0 Laboratory Hours 3 Credit Hours
Prerequisite: Business Majors: Sophomore GPA Requirement and ECON 2300; Non-business Majors: 60 credit hours, ECON 2300, and permission of the Coles College of Business.
An economic analysis of the fundamental issues that underpin the firm’s strategic pricing, production, and resource allocation decisions in alternative competitive environments. Topics include the horizontal, vertical and corporate boundaries of the firm, the nature of competitive markets and competitive interactions among firms, how the firm positions itself to compete, and how the firm designs its organizational architecture to support its competitive goals.