ECON 490 – THE ECONOMICS OF ORGANIZATIONS

First Class Session

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• Examples • The University as Organization • The Music Industry - a Selected History • Course Overview • Readings • Course Web Site • A Bit About Professor Arvan • Survey (optional and not for credit)

The University As An Organization

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Standardized Testing

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Test Prep

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In college classes instruction and assessment are bundled.

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Well known universities are brands.

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Instructors are university employees not independent contractors.

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What issues are resolved by making instructors employees?

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How do students know the instructor will teach a course of high quality?

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Which arrangement lessens the chance of bribes for better grades?

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Instructor presentation material is typically made freely available through the LMS.

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Students purchase textbooks on the market. That expenditure is not in tuition.

Students pay the university tuition, which covers many but not all of the costs relevant to their college education. They go to the market for textbooks and perhaps other supplemental items.

The Music Industry – A Selected History

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In The Beginning…..

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Vinyl – And Player

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Early Portable Listening

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TV Promoted Up And Coming Groups

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Content for Purchase at Record Stores

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Audio Equipment Purchased Separately

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Technical Innovation – Audio Cassettes

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The Grateful Dead

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Cable Television - MTV

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SONY conquered the portable market.

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Going Digital - CDs

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Going Digital - CDs

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Going Digital - CDs

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Going Digital - CDs

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Going Digital - CDs

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