Advanced Philosophy of Business and Market Based Management
This course conducts an in depth examination of the institutional structure necessary for a flourishing social order. The course examines market behavior and applies economics to understanding the economy as an informational feedback mechanism allowing social cooperation and entrepreneurial activity. The course also discusses how societies provide quality assurance in the absence of government regulation. This requires the student to apply basic economic theory, particularly supply and demand and opportunity-cost analysis, and to apply the understanding of social science to business management.