Business, Government, and Society

The faculty has approval to offer the following courses in the academic years 2019–2020 and 2020–2021; however, not all courses are taught each semester or summer session. Students should consult the Course Schedule to determine which courses and topics will be offered during a particular semester or summer session. The Course Schedule may also reflect changes made to the course inventory after the publication of this catalog.

Please see the General Information Catalog for an updated list of courses effective fall 2020.¹

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1	Added fall 2020.

Business, Government, and Society: BGS

BGS 180, 380. Topics in Business, Government, and Society.

For each semester hour of credit earned, one lecture hour a week for one semester. May be repeated for credit when the topics vary. Prerequisite: Graduate standing; additional prerequisites vary with the topic.

BGS 180C, 280C, 380C. Strategic Corporate Communication.

Studies corporate efforts to inform, motivate, and persuade various constituencies, including investors, employees, communities, and regulators. Includes public relations, investor relations, and government relations. For each semester hour of credit earned, one lecture hour a week for one semester. Offered on the letter-grade basis only. Prerequisite: Graduate standing.

BGS 180D, 280D, 380D. Strategic Corporate Social Responsibility.

Overview of corporate social responsibility (CSR) given the constraints of the business environment, with an emphasis on the conditions under which CSR can provide strategic value to firms through class discussions and group projects. For each semester hour of credit earned, one lecture hour a week for one semester. Offered on the letter-grade basis only. Prerequisite: Graduate standing and consent of instructor.

BGS 180E, 280E, 380E. Global Political Economy.

Exploration of how firms can successfully integrate their traditional strategies with non-market strategy in the global arena, including how to successfully engage with international non-market actors such as foreign governments, regulators, political parties, NGOs, and the media. Examines the necessary tools to craft successful, integrated firm strategies in diverse institutional and political environments. For each semester hour of credit earned, one lecture hour a week for one semester. Offered on the letter-grade basis only. Prerequisite: Graduate standing and consent of instructor.

BGS 180G, 280G, 380G. Business and Policy in the Age of Inequality.

Examine inequality and its implications as managers and as citizens, and explore how to deal proactively with the consequences of this pervasive phenomenon. For each semester hour of credit earned, one lecture hour a week for one semester. Business Government and Society 380 (Topic: Bus/Pol Age Of Inequality) and 180G, 280G, 380G may not both be counted. Offered on the letter-grade basis only. Prerequisite: Graduate standing.

BGS 281, 381. Law, Ethics, and Corporate Social Responsibility.

Examines corporate responsibility issues and the tools necessary to manage relationships with external stakeholders such as governments, nongovernmental organizations, and communities in legal, political, and cultural contexts. Two or three lecture hours a week for one semester. Business, Government, and Society 381 and Legal Environment of Business 380 (Topic 36: Law, Ethics, and Corporate Social Responsibility) may not both be counted. Prerequisite: Graduate standing.

BGS 381E. Law, Ethics and Corporate Social Responsibility: Energy.

Examines the external relations challenges facing the energy industry. Focuses on the theory and practice of corporate social responsibility and government relations for the oil, natural gas, and electricity industries in the United States and the larger world. Explores the resource curse and its implications for oil and gas companies doing business overseas, the management of environmental health and safety risk in both the developed and developing world, energy facility siting, and NIMBY challenges in the United States. Some familiarity with energy law is helpful. Three lecture hours a week for one semester. May be repeated for credit when the topics vary. Prerequisite: Graduate standing; additional prerequisites vary with the topic.

BGS 181M, 281M, 381M. Social and Ethical Responsibility of Business.

Restricted to students in the Master of Business Administration program. Examines ethical aspects of the managerial decision-making process and the application of fundamental ethical principles to business, legal, and social problems. Includes ethical implications of financial markets, race and gender discrimination, employee privacy, multinational business, and health, safety, environmental, and consumer issues. For each semester hour of credit earned, one lecture hour a week for one semester. Business, Government, and Society 181M, 281M, 381M and Legal Environment of Business 380 (Topic 1) may not both be counted. Prerequisite: Graduate standing.

BGS 381N. Social and Ethical Responsibilities of Accountants.

Restricted to students admitted to the Master in Professional Accounting program. Examines ethical aspects of the managerial decision-making process and the application of fundamental ethical principles to business, legal, and social problems. Includes ethical implications of financial markets, race and gender discrimination, employee privacy, multinational business, and health, safety, environmental, and consumer issues. Three lecture hours a week for one semester. Business, Government, and Society 381L and 381N may not both be counted. Prerequisite: Graduate standing.

BGS 182, 282, 382. Corporate Political Strategy.

A study of how the political and regulatory environment enables and constrains business activity and how individual firms and groups of firms can ethically, yet effectively, lobby legislatures, negotiate with regulators, create industry associations, make campaign contributions, and engage in other political activity to gain competitive advantage. For each semester hour of credit earned, one lecture hour a week for one semester. Offered on the letter-grade basis only. Prerequisite: Graduate standing and consent of instructor.

BGS 382D. Economics of Health Care.

Explores the production and provision of health care in the United States. Includes the study of basic economic concepts, differences between health care and other goods, impact of regulatory policies, and the importance of health for economic development. May include international and ethical aspects of health care. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 382E. Energy Economics.

Studies domestic and international policy issues of energy and the environment, with a focus on market solutions to various problems and market limitations in the allocation of environmental resources. Also examines the economics of fossil fuel alternatives. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 382L. Labor Economics.

Studies the functioning of the labor market and examines determinants of wage and employment levels in perfect and imperfect labor markets. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 382R. Economic Analysis of Law.

Uses economic analysis to study law and its impact on business activity. Includes the economics of contract law, tort law, property law, securities regulation, antitrust law, intellectual property, and environmental law. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 382S. Economics of Sustainable Business.

Examines the policy and practical implications of sustainability. Topics covered may include property rights, air and water pollution, solid-waste disposal, hazardous substances, and wilderness preservation and the protection of endangered species. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 383. Business Ethics in the Global Market.

Moral theory and its application to business issues in diverse cultures. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 384. Global Macroeconomic Policy.

Practical study of global macroeconomic policy, including monetary policy, financial market regulation, and economic growth and development policies. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 385. Business, Government, and Public Policy.

Studies the relationship between business and government throughout the policy process and examines the constitutional constraints that affect businesses across different political and legal systems. Explores ethical issues of the role of business in the policy process. Three lecture hours a week for one semester. Prerequisite: Graduate standing and admission to the Master of Business Administration program.

BGS 385W. Business, Government, and Public Policy: Washington Campus.

Restricted to students in the executive Master of Business Administration program. Studies the relationship between business and government throughout the formation and implementation of public policy; includes examination from economic, political, legal, and behavioral perspectives. Focuses primarily on the political, regulatory, and legal system of the United States and addresses issues covered further in the Washington Campus event, a week-long seminar with policy makers in Washington DC that precedes the course. The equivalent of three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 386. Market Structure and Performance.

Studies industrial organization economics using game-theory to model strategic market behavior. Examines econometric methods used to test hypotheses regarding firm conduct and market performance. Explores profit-maximizing business strategies of firms with market power and strategic interactions among firms in imperfectly competitive markets. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 287. Business Integrity.

Examines how to make ethical decisions, take ethical actions, lead an ethical life, run ethical organizations, and fulfill corporate social responsibilities. Two lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 188, 288, 388. Behavioral Economics.

Explores and applies existing behavioral economics findings to all areas of business, and also instructs how to run studies to learn how to nudge people toward or away from particular behaviors. For each semester hour of credit earned, one lecture hour a week for one semester. Only one of the following may be counted: Business, Government, and Society 188, 288, 388; Marketing 382 (Topic: Behavioral Economics); 282, 382 (Topic 27). Offered on the letter-grade basis only. Prerequisite: Graduate standing.

BGS 389. Environmental Regulation of Business.

Examines federal and state regulation of business activities that affect the environment and the potential liability of business for environmental damage. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 390. Behavioral and Institutional Economics.

Uses aspects of the social sciences, including economics, psychology, and sociology to explore the evolution of economic organizations, the need for business regulation, bubbles and speculation, and economic herd behavior. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 390E. Business in the Global Political Environment.

Examines global business from a political science perspective. Includes the politics of international trade and investment and the regulatory expectations of national regulators and of international organizations such as the World Trade Organization and the World Bank. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 390F. Federal Regulatory Policy.

Studies the federal regulatory framework in the United States, including the processes through which regulations are promulgated and the stakeholders involved. Particular emphasis on cost-benefit analysis. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 390J. Modern Political Economy.

Studies economic theory from Adam Smith to the modern day, with a focus on the interrelationship between economic models and political behavior. Explores the development of American capitalism; includes works from Marx, Hayek, Polanyi, and Williamson. Three lecture hours a week for one semester. Prerequisite: Graduate standing.

BGS 191, 291, 391, 691. Conference Course in Business, Government, and Society.

Individual instruction. May be repeated for credit when the topics vary. Prerequisite: Graduate standing and consent of instructor.