BMGT468L: Entrepreneurial Capitalism Around the World open to all UM students with 60 credits.

GVPT majors may be interested in taking the following course as a CORE Adv. Stds or elective.  There are no specific course prerequisites and the course is open to any UM student with 60 credits earned

 

BMGT468L-0101, Instructor: David Sicilia, MW 11:00am - 12:15pm, VMH 1333

 

Detailed Course Description: In order to be effective – and to rise above the technical level -- management students training to work in a capitalist world should be knowledgeable about the fundamental characteristics, varieties, and theories of capitalism.  We will achieve these goals through a combination of course readings, class presentations and discussions, and team case analysis.  Each Monday class meeting will be devoted to multimedia lecture and discussion.  Each Wednesday class meeting will be devoted to country and company case analysis.

 

This course considers three key questions about entrepreneurial capitalism around the world:  1) How does capitalism innovate and create value?  2) What are the key characteristics, similarities, and differences in present-day Western European and the U.S., East and South Asian, Latin American, and Islamic capitalism, and what explains the differences?  3)  Who are some of the leading theorists of entrepreneurship, innovation, and capitalism, and do their theories appear to have explanatory power?

 

Leading theorists of innovation and entrepreneurship whose work we will explore will include Adam Smith (classical laissez faire); Frank Knight (risk and uncertainty); Joseph Schumpeter (entrepreneurial disequilibrium and business cycles); Ronald Coase (firms and market coordination); J. M. Keynes (managed capitalism); Alfred Chandler (managerial capitalism); and Milton Friedman (modern neoclassical).

In this course you will learn:

* leading theories and theorists of capitalism

* leading theories and theorists of entrepreneurship

* key concepts in political economy

* how capitalism developed, and its key characteristics, in the Germany, the U.K., the U.S., Japan, China, India, Brazil, and Turkey

* case histories of leading firms in these nations

* critical reading and writing skills

* case analysis and presentation skills

 

Instructor bio

David B. Sicilia is affiliate faculty member in Management & Organization; Henry Kaufman Fellow in Business History in the Center for Financial Policy; and Associate Professor of History.  His research and teaching center on business, economic, and technology history, with special emphasis on the evolution and varieties of capitalism.  He is co-author or co-editor of seven books, including The Entrepreneurs (with Robert Sobel; Houghton-Mifflin, 1986); histories of the Hercules chemical company and the Cummins Engine Company (Harvard Business School Press, 1990 and 1997); Professor Sicilia has appeared on CNBC, CNN, Bloomberg Financial Television, NPR, NHK Japan and other media outlets.  His “TV Moneyland” blog appears in TVworthwatching.com.