Michael Powell received his PhD in Economics from the Massachusetts Institute of Technology in 2011. He is currently an Associate Professor in the Strategy Department. Prior to coming to Kellogg, he was a Postdoctoral Fellow of Applied Economics at the Sloan School of Management at MIT. Professor Powell's research interests include organizational economics, personnel economics, and industrial organization. His work has been published in the Quarterly Journal of Economics, American Economic Review, Review of Economic Studies, Journal of Labor Economics, RAND Journal of Economics, American Economic Journal: Microeconomics, Journal of Law, Economics, and Organization, and Games and Economic Behavior. He is an associate editor at RAND Journal of Economics and was previously a co-editor at Journal of Law, Economics, and Organization.
This course focuses on the link between organizational structure and strategy, making use of the microeconomic tools taught in MECN-430. The core question is how firms should be organized to achieve their performance objectives. The first part of the course takes the firm's activities as given and studies the problem of organizational design; topics may include incentive pay, decentralization, transfer pricing, behavioral biases, and complementarities. The second part examines the determinants of a firm's boundaries and may cover such topics as outsourcing, horizontal mergers, and strategic commitment.