Courses for Academic Year 2015Expand all

Courses
Course #

Description: Introduces principles of microeconomic analysis as a framework for making more informed managerial decisions. Includes the analysis of competitive markets with supply and demand, sources of market power, pricing, anti-trust policy, as well as an overview of game theory and its application to competitive strategy. Students use the tools presented to analyze business and public policies. Students taking graduate version complete additional assignments. Intended primarily for non-MBA students.

Professor(s) who recently taught this course:

  • Gonzalo Cisternas
  • Erin Johnson
  • Elena Manresa
  • Heikki Rantakari
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Description: Introduces principles of microeconomic analysis as a framework for making more informed managerial decisions. Includes the analysis of competitive markets with supply and demand, sources of market power, pricing, anti-trust policy, as well as an overview of game theory and its application to competitive strategy. Students use the tools presented to analyze business and public policies. Students taking graduate version complete additional assignments. Intended primarily for non-MBA students.

Professor(s) who recently taught this course:

  • Joseph Doyle
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Description: Uses case studies to investigate the macroeconomic environment in which firms operate. First half of subject develops the basic tools of macroeconomic management: monetary, fiscal, and exchange rate policy. Discusses recent emerging market and financial crises, examining their causes, how best to address them, and how to prevent them from recurring in the future. Second half evaluates different strategies of economic development. Topics include growth, the role of debt and foreign aid, and the reliance on natural resources.

Professor(s) who recently taught this course:

  • Roberto Rigobon
  • Tavneet Suri
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Description: Applies principles of industrial economics most relevant for corporate strategy to analysis of particular industries. Topics include market structure and its determinants; rational strategic behavior in small numbers situations; strategies for price and nonprice competition; dynamic pricing, output, and advertising decisions; entry and entry deterrence; competition with network externalities; investments under uncertainty; R&D and patent licensing; and the growth and evolution of industries.

Professor(s) who recently taught this course:

  • Robert Pindyck
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Description: Builds on 15.012 to establish an understanding of the development processes of societies and economies, the role of social entrepreneurship, and consequences for sustainability. Discusses current challenges that face emerging markets: health and the HIV epidemic, education and poverty, the emergence of financial and other markets, inflation and the role of commodity prices, macroeconomic management and the implications for policy. Across all dimensions, considers the roles of private and social entrepreneurs, as well as the public sector.

Professor(s) who recently taught this course:

  • Roberto Rigobon
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Description: Focuses on the policy and economic environment of firms. Subject divided in three parts: study of the closed economy and how monetary and fiscal policy interacts with employment, GNP, inflation, and interest rates; examination of national economic strategies for development and growth, and study of the recent financial and currency crises in emerging markets; study of the problems faced by transition economies and the role of institutions both as the engine of growth, and as the constraints for policy. Restricted to Sloan Fellows in Innovation and Global Leadership.

Professor(s) who recently taught this course:

  • Alberto Cavallo
  • Roberto Rigobon
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Description: Introduces principles of microeconomic analysis as a framework for making more informed managerial decisions. Includes the analysis of competitive markets with supply and demand, sources of market power, pricing, anti-trust policy, as well as an overview of game theory and its application to competitive strategy. Students use the tools presented to analyze business and public policies. Students taking graduate version complete additional assignments.

Professor(s) who recently taught this course:

  • Joseph Doyle
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Description: Develops an understanding of the economic factors that shape and influence the markets for real property. Includes an analysis of housing as well as commercial real estate, and covers demographic analysis, regional growth, construction cycles, urban land markets and location theory. Exercises and modeling techniques for measuring and predicting property demand, supply, vacancy and prices.

Professor(s) who recently taught this course:

  • William Wheaton
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Description: Develops facility with concepts, language, and analytical tools of economics. Primary focus on microeconomics, analysis of markets and strategic interactions among firms. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions, and in the assessment of the changing global business environment. Restricted to MIT Sloan Fellows in Innovation and Global Leadership.

Professor(s) who recently taught this course:

  • Thomas Stoker
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Description: Develops and applies principles of game theory relevant to managers' strategic decisions. Topics include how to reason about strategies and opponents; strategic commitment, reputation, and "irrational" actions; brinkmanship and negotiation; auctions; and the design of markets and contests. Applications to a variety of business decisions that arise in different industries, both within and outside the firm.

Professor(s) who recently taught this course:

  • Alessandro Bonatti
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Description: Provides an in-depth and interdisciplinary look at electric power systems, focusing on regulation as the link among engineering, economic, legal, and environmental viewpoints. Topics include electricity markets, incentive regulation of network issues, retail competition, tariff design, distributed generation, rural electrification, multinational electricity markets, environmental impacts, future of utilities and strategic sustainability issues under both traditional and competitive regulatory frameworks. Background in policy, microeconomics, or engineering required.

Professor(s) who recently taught this course:

  • Jose Ignacio Perez-Arriaga
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Description: Freakonomics meets big data in this class that enables students to evaluate the quality of evidence supported by data and implement an empirical toolkit that provides credible answers to questions in finance, marketing, strategy, and general business planning. Uses an econometrics framework is (a.k.a. 'metrics) with an in-depth examination of regression modelling and its insights for related data analytics. Focuses primarily on empirical work conducted by students via in-class labs, problem sets, and empirical projects.

Professor(s) who recently taught this course:

  • Joseph Doyle
  • John Doyle
  • Roberto Rigobon
  • Thomas Stoker
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Description: Analyzes business and public policy issues in energy markets and in the environmental markets to which they are closely tied. Examines the economic determinants of industry structure and evolution of competition among firms in these industries. Investigates successful and unsuccessful strategies for entering new markets and competing in existing markets. Industries studied include oil, natural gas, coal, electricity, and transportation. Topics include climate change and environmental policy, the role of speculation in energy markets, the political economy of energy policies, and market power and antitrust. Two team-based simulation games, representing the world oil market and a deregulated electricity market, act to cement the concepts covered in lecture. Students taking graduate version complete additional assignments. Limited to 60.

Professor(s) who recently taught this course:

  • Christopher Knittel
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Description: Theoretical and empirical perspectives on individual and industrial demand for energy, energy supply, energy markets, and public policies affecting energy markets. Discusses aspects of the oil, natural gas, electricity, and nuclear power sectors. Examines energy tax, price regulation, deregulation, energy efficiency and policies for controlling pollution and CO2 emissions. Students taking the graduate version complete additional assignments. Limited to 60.

Professor(s) who recently taught this course:

  • Christopher Knittel
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Description: Develops facility with concepts, language, and analytical tools of economics. Primary focus is on microeconomics. Emphasizes integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing US and international business environments. Restricted to Executive MBA students.

Professor(s) who recently taught this course:

  • Ernst Berndt
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Description: Topics draw on current macroeconomic issues and events, such as modern monetary and fiscal policy; financial crisis, contagion, and currency crisis; real exchange rates, purchasing power parity, and long run sustainability; sustainable development; targeting and the new monetary policy regime; and Europe and the Euro: optimal currency areas. Restricted to Executive MBA students.

Professor(s) who recently taught this course:

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Description: Focuses on how managers build and manage complex organizations to achieve strategic goals. Develops theoretical frameworks that build on 15.010 and 15.311. Applies these frameworks to corporate strategy (i.e., the design and management of the multi-business firm) and extended enterprises (i.e., the design and management of multi-firm structures such as supply chains, alliances, joint ventures, and networks).

Professor(s) who recently taught this course:

  • Bengt Holmstrom
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Description: Group study of current topics related to management not otherwise included in curriculum.

Professor(s) who recently taught this course:

  • Michael Whinston
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