MGEC40 Summer 2020Syllabus June28 PDF

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Download MGEC40 Summer 2020Syllabus June28 PDF

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MGEC40 – Lecture 98 and 99 Economics of Organization and Management Summer 2020 Instructor Contact Information: Name: Office hours: Email: Class day/time: Course website:

Professor April Franco by appointment [email protected] Lecture 98: Monday 1 p.m. to 3 p.m. Lecture 99: Monday 3 p.m. to 5 p.m. q.utoronto.ca

Course Description: This course analyzes the internal organization of the firm using concepts from economic theory. Topics include the horizontal and vertical boundaries of the firm, competition, make vs. buy, agency theory, incentives and strategic decision-making. By the end of the course, students are expected to be able to apply appropriate theories to different market situations, and to make sound economic arguments. Prerequisite(s): MGEB01H3/(ECMB01H3) or MGEB02H3/(ECMB02H3). Textbook/Required Course Materials: Required HBS Case pack: Students are expected to purchase a case pack from the HBS website: https://hbsp.harvard.edu/import/725999 Textbook: Economics of Strategy, by Besanko, Dranove, Shanley and Schaefer, 6th Edition, Wiley. Please note that this textbook is suggested, but not required. Earlier editions will work fine, but students should keep in mind that the syllabus refers to the 6th edition. Lecture Notes and Other Announcements: The course’s website can be found on the University of Toronto’s portal. There you will be able to find among other materials: 1. Lecture notes and videos, 2. Case Questions, 3. Homework Sets, 4. Supplement readings, and 5. Announcements. All communication will be run through this site. Check the portal regularly for important, time-sensitive announcements. Students should check the website frequently for deadlines and be aware of what to expect next. The schedule for lectures and the examinations is subject to change. The best way to start on a path to success is to read and understand your syllabus and keep it with your class notes where you can refer to it as needed. It is the student’s responsibility to make sure that his/her e-mail address on the portal is correct. (Note that only utoronto.ca e-mail addresses may be used on the portal. Others will be deleted periodically by the

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administration.) Typically, I will respond to e-mails within 48 hours. In cases where I will not be able to respond in a timely fashion, I will post an announcement. Evaluation and Grading: Component

Weight/Value

Due Date

Memos (3)

30%

May 25, July 6, July 27

Homework Assignments (3)

20%

June 22, July 20, August 10

Class Participation

10%

Final Project

40%

August 13

Students will be evaluated on the basis of a number of assignments, including memos with answers to questions regarding three cases (only the best two of these will be counted) and three homework assignments (only the best two of the three assignments will be counted), class participation and a final project. The weights of each of these components are given above. Since this course will be entirely online, students may only work with others on specific assignments. Any students who work with others (regardless of whether these are students in the course or someone who is not in the university) on assignments that are to be completely by individually may be in violation of the University code of academic integrity. Submissions: All assignments are due on Monday at noon (Toronto time). They must be turned in through the course website. For memos or the final project, these should be submitted via Turnitin. Any submissions with a similarity index of more than 5% will not be reviewed or graded. Memos: In order to help students prepare for in-class discussion of cases, students will be asked to answer questions regarding the cases. While there are three memos listed, only the best two scores will be used to calculate the final grade; students can select which of the three memos to submit. The memos will be due on May 25, July 6, and August 3. Each of the memos will be based on a case and students are expected to work on these memos individually. The questions will be posted one week before the memos are due. Homework Assignments: There will be three homework assignments, but only the best two of three will count towards the final grade. Homework assignments will consist of problems and short answer questions based on the material presented in class. The objective of these assignments is to give you the opportunity to practice the concepts. Note that only the best two scores will be used to calculate the final grade. Students can select which of the three homework assignments to submit. Homework assignments may be done in a group of up to 5 students. All student names and numbers must be included on the first page of the submission. It is the responsibility of all members of the group to make sure that no one in the group has committed an academic offense, since all members will be punished. Final Project: The final project will involve an analysis of a particular industry and how firms in it organize production. In particular, students are asked to focus on one concept from the course and investigate how firms in a particular industry address a concern by applying this concept. Each team will be required to choose an industry of interest to the team, to detail the facts on how firms in the industry organize either output production, input acquisition, output distribution, and/or provide incentives, and to provide some analysis, based on the methodology from the course, of why firms organize these activities the way they do.

Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada www.utsc.utoronto.ca/mgmt

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The team may also document how the organization of activities has changed over time and provide some analysis that explains this change in organization. Further information on project requirements will be provided during the semester. Online Classes: Because of the unprecedented global events, we have had to move to online classes relatively rapidly. This course has been created on the basis that in-class examinations will be very difficult to administer (since students are in different time zones and may have limited access to the internet). Thus, much of the course will be moved to a combination of asynchronous and synchronous elements with no examinations. Over each week, different modules will be made available for students. These modules should be reviewed by students to prepare for in-class discussions. If students are unable to attend the discussions, the recorded classes will be posted on the course webpage after the discussion. However, students should make every effort to attend these classes, since active participation will help students to better understand the material and the final grade is also based on in-class participation. Policy on Missed Assignments: The assignment dates and instructions are posted well in advance, and it is your responsibility to ensure adequate time to complete the work and deal with any issues, including technical issues. Failure to submit the assignment on time will result in a grade of zero. The assignment is considered submitted only if handed in on time according to the assignment instruction. Assignments that are submitted late will not be accepted. Make sure to allow ample time for submission before the deadline. These rules exist to limit unwarranted individual requests, which take up valuable time that I could spend improving the course content. Policy on Regrades: If, after looking over your grade for assignments, you feel that your work merits re-grading, you must observe the following procedures: • Submit your re-grading requests within one week of receipt (date of distribution) of the original grade. No re-grading requests will be considered after the time limit has passed. • The re-grading request will include a typed note containing the following: (i) your name; (ii) your student number; and (iii) explanation of why you feel your answer was incorrectly marked. The entire assignment will be reevaluated. Thus, it is possible to lose points as well as to gain points through re-grading. If there is an error in totaling up your score, you may write this on the cover of your test. Indicate what you think the total should be and return it to me as soon as possible. In-class Behaviour: To keep lectures and tutorials as useful and productive as possible, I ask you to keep a professional attitude in class, in order to limit disruptions to other students (and to myself or the TA). This includes: arriving on time, being respectful in class discussion (please keep in mind that the class and the messages will be recorded), and muting your microphone when you are not actively participating in the discussion. Academic Support:

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UTSC Library: The Department of Management, in collaboration with the UTSC library, will be providing academic research support in the IC Building. To refine your research skills or to learn more about various scholarly resources, please contact one of the Librarians below. Mariana Jardim, Liaison Librarian, Department of Management, UTSC Email: [email protected] Stephanie Perpick, Bridge Coordinator & Liaison Librarian, Department of Management, UTSC Email: [email protected] Consultations by appointment and drop-ins welcome. Bridge Website: https://www.utsc.utoronto.ca/thebridge Health & Wellness Centre: The Health & Wellness Centre provides professional and confidential medical, nursing, counselling, health promotion, and education services to all UTSC students. These services are offered in a safe, caring, respectful, and empowering environment that is directed toward optimizing your personal, academic, and overall wellbeing.. To access these services, please use the following url: https://www.utsc.utoronto.ca/hwc/health-wellness-centre and when visiting the Health & Wellness Centre, please bring a valid T-card and Health card. Academic Advising and Career Centre: The Academic Advising and Career Centre (AA&CC) at UTSC integrates developmental advising, learning/study skills, career counselling, and employment coaching. To reach out to them please use the following url: https://www.utsc.utoronto.ca/aacc/ English Language Development Centre: The English Language Development Centre (ELDC) helps students develop the critical thinking, vocabulary and academic communication skills essential for achieving academic and professional success. Personalized support includes: RWE (for academic writing); Communication Cafés (oral); Discussion Skill-Building Cafés; Vocabulary Cafés; seminars/workshops; personal ELD consultations; drop-in sessions. http://ctl.utsc.utoronto.ca/eld/ The Writing Centre: The Writing Centre (TWC) offers invaluable services to students (learn to become a better writer!) and offers many different kinds of help: drop-in sessions, individual consultations, workshops, clinics, and online writing handouts. http://ctl.utsc.utoronto.ca/twc/ Academic Misconduct: Academic integrity is essential to the pursuit of learning and scholarship in a university. The University treats cases of cheating and plagiarism very seriously. The University of Toronto’s Code of Behaviour on Academic Matters (http://www.governingcouncil.utoronto.ca/Assets/Governing+Council+Digital+Assets/Policies/PDF/p pjun011995.pdf) outlines the behaviours that constitute academic dishonesty and the processes for addressing academic offences. Any student caught engaging in such activities will be subject to academic discipline ranging from a mark of zero on the assignment, test or examination to dismissal from the university as outlined in the Code of Behavior on Academic Matters. Any student abetting or

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otherwise assisting in such misconduct will also be subject to academic penalties. If you like to find out more information regarding university advice for ‘How not to plagiarize’, please use the following url: https://advice.writing.utoronto.ca/using-sources/how-not-to-plagiarize/ More generally, the link below includes a lot of useful advice for students on academic writing: https://advice.writing.utoronto.ca/ Normally, students will be required to submit their course essays to Turnitin.com for a review of textual similarity and detection of possible plagiarism. In doing so, students will allow their essays to be included as source documents in the Turnitin.com reference database, where they will be used solely for the purpose of detecting plagiarism. The terms that apply to the University's use of the Turnitin.com service are described on the Turnitin.com web site. Students with Disabilities: Students with a disability/health consideration are encouraged to approach me and/or the AccessAbility Services Office (416 287-7560) as soon as possible. They can also drop by the office, S302, inside the Resource Centre. The Coordinator is available by appointment to assess specific needs, provide referrals and arrange appropriate accommodations. We will work together to ensure you can achieve the learning goals in this course. Preparedness Statement: Students are advised to consult the university’s preparedness site (http://www.preparedness.utoronto.ca/) for information and regular updates regarding procedures relating to crisis planning and individual student responsibilities.

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Important Dates: May 11 May 18 May 18 June 23-27 June 29-30 July 1 July 27 August 3 August 13 August 14-17 August 18-30

First day of classes Last day to add Summer (S) courses Victoria Day (University closed) Reading Week Presidential Day Canada Day Last day to drop Summer (S) courses without academic penalty Civic Holiday Last day of classes in the Summer term Study Break FINAL EXAM PERIOD

Detailed Course Outline (Tentative and may be subject to change): WEEK

TOPIC

READINGS

ASSIGNMENTS DUE DATES

May 11

Course Overview

May 18

University Holiday

May 25

Horizontal & Vertical Boundaries

Chapter 2, 5 & 6

June 1

Make vs. Buy: Transaction Costs

Chapter 3

June 8

Make vs. Buy: Hold-up

Chapter 4

June 15

Make vs. Buy: Coordination

Chapter 4

June 22

Make vs. Buy: Franchising

Chapter 4

Homework 1 (Note that there is a no penalty extension until July 6)

Memo 2: Coke Wars

June 23-27 June 29

Chapter 1

Memo 1: Du Pont’s Dioxide Business

Reading Week University Holiday

July 6

Competition

Chapter 6

July 13

Competition

Chapter 6

July 20

Incentive Contracts:

Chapter 12

Homework 2

Explicit Incentives

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July 27

Incentive Contracts:

Chapter 12

Memo 3: Husky

Chapters 10-11

Homework 3

Implicit Incentives August 3

Civic Holiday

August 10

Strategic Decisions Review

August 13

Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada www.utsc.utoronto.ca/mgmt

Final Project

7...