John F. McCracken            Economics

 

MECO 6303

Managerial Economics

 

This is a case course in managerial economics. Our objective to develop a rational framework for analyzing the consequences of three key organizational decisions:
 • how decision rights are allocated within a firm
 • how employee performance is measured and evaluated
 • how employees are compensated and rewarded

A principal conclusion is that these three elements of organizational architecture must be properly balanced and mutually supportive, and that changing any one without compensating adjustment of the other two will invariably lead to real (and often misunderstood) problems. The intent is to provide a conceptual framework that will help you understand and navigate some of the thorny organizational problems you're likely to encounter during your business career.

 

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Tuesday, 02-Apr-2013 11:35:52 CDT