SBGEN 304 / 01 - Deals

Instructor(s):
Robert Daines

Meeting Times:

MTH

10:00 AM-11:30 AM

Units: 4

Course Description:
This course will focus on the logic and structure of complex deals and on how professionals can add value by helping to engineer solutions to common problems. The goal is to explain both how private parties actually order their commercial interactions and also how they ought to.
The first part of the course will examine the generic set of problems common to all complex transactions. The problems include transaction costs, adverse selection, moral hazard, problems of enforceability, strategic behavior, agency problems and contracting over time. These problems largely stem from asymmetric information and the possibility that the parties will act opportunistically to enrich themselves at the expense of the other. We also examine contractual and market responses that are intended to limit