Topics covered in this course include the role and significance of larger corporations in the U.S. economy; the analysis of market power, corporate behavior, and market structure and their influence on corporate strategy of pricing policy, including predation and discrimination, advertising, research and development, mergers, location, product characteristics, technical change, investment, and capacity utilization as they affect market performance. Some attention will be given to the ethical problems of greed, accounting manipulation, and deceptive balance sheets and income statements. Examples will be chosen from Enron and Arthur Anderson, Tyco, Adelphia, WorldCom, Microsoft, network industries, airlines, professional sports, steel, oil, and automobiles. |