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Term Paper: A final paper that focuses on the course content, applied in the setting of your current or past employer, will be due in Module. In this paper you will focus on the following:
1. Provide a description of the company that you work for. As part of your description include a discussion of the type of organizational structure.
2. Describe an agency problem within the firm and discuss what you think is causing the problem and how the problem might be better controlled.
3. Describe the job dimensions of the firm and discuss whether or not you believe the current design is appropriate for the firm. Discuss any suggestions you might have for improving the job design. Grouped by function or by product or geography or a matrix organization? Provide a diagram if helpful to illustrate. Is this organization effective?
4. Describe the compensation package for executives and employees within the firm. Discuss whether or not you believe that the compensation package is effective and any suggestions that you might have for improving the compensation package.
While these questions focus on the latter half of the course, you should remain mindful of the economic concepts that were developed in the beginning of the course. An "A" paper will demonstrate a thorough understanding of the relevant topics, completely discuss each of the four points of the paper, use terminology appropriate to the topic, and use word choice, spelling, and sentence structure appropriate for graduate-level work.
Suppose that in an economy 100 worker-hours produce 160 units of output in year 1. In years 2 and 3 worker hours are 120 and 130 and units of output are 216 and 260, respectively.
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