BEM 380 SPECIAL TOPICS COURSE (1.5 credit hours)
Going Dutch: Managing People and Spaces to Meet the Global Challenge of Rising Water
Professor: Russell Shorto
Class Meetings: Virtual, live meetings on Wednesdays 2:00 – 4:00 pm from January 12 – March 2, 2022
This course provides participants with international experience exploring the role of business, government, and non-governmental organizations in combating the threat of rising seas due to climate change. It offers students interested in climate change a chance to engage with an international group of experts who are working right now to make the U.S. more resilient.
Students will examine the development and application of the Dutch “polder model,” an institutionally embedded culture of solidarity and systemic cooperation. This model has been demonstrably effective to attack complex water issues and has allowed the Dutch to develop water management technology, infrastructure, and consulting into a global economic opportunity. In particular, the course explores how the Dutch are working with Americans to export elements of their model into American contexts, and the cultural and institutional challenges that arise.
In this special topics course, students will:
- Explore the development and expression of the Dutch “polder model,” an institutionally embedded culture of solidarity and systemic cooperation and compare it to the institutional models of other cultures.
- Consider how the Dutch have turned the problem of water management into a global economic opportunity.
- Learn stakeholder analysis concepts and apply them to complex projects involving business, government and non-governmental actors in the United States.
- Learn approaches to knowledge and policy transfer and consider how leaders implement these ideas to create narratives that unify stakeholders, drive functionality, and change systems.
- Develop their own point of view about institutional challenges in the Netherlands and the United States regarding water management projects and how to solve these problems through the efforts of business, government, and non-governmental organizations.
- Increase their global mindset by working with Dutch peers at the University of Groningen, Netherlands.
BEM 375: Contemporary Issues in Business and Foundations of Capitalism
This course presents balanced coverage of the foundations of capitalism and contemporary issues in business and considers related concepts, theories, issues, problems, and policy alternatives pertinent to the global economy. The ultimate goal of the course is to explore current business issues that lie at the intersection between private companies and the public domain. Examples include: stakeholders versus stockholders, corporate social responsibility, the costs and benefits of state versus private ownership, government regulation of business, the role of the government in setting health care and/or tax policy, and the impact that business and free markets can play in economic development and social progress.
In order to understand these types of issues, we first examine the foundations of the capitalist system, its moral and intellectual underpinnings, the principal arguments against and challenges to capitalism and free markets, the obligations of free institutions, and the history of the major schools of economic thought. This will be accomplished by reading work of leading thinkers about capitalism, economics, and free markets who have shaped generations of thinking at the highest levels of government, business, and academia. A few reading selections of many include: The Wealth of Nations, The Communist Manifesto, Animal Spirits: How Human Psychology Drives the Economy and Why It Matters to Global Capitalism, The Rise and Decline of the Laws of Capitalism, and The New Comparative Economics.
At the end of this course, students should be able to:
- Comprehend and effectively communicate the foundations, origins, and history of capitalism, as well as its manifestations in the 21st century.
- Understand and appreciate the intellectual challenges to capitalism, and demonstrate economic literacy by recognizing the pros and cons of capitalism.
- Distinguish between classical economists’ views, methods, assumptions, concerns, etc. and those of Keynesian economists (e.g. distinguish between long-term trends and short-run business cycles.)
- Discuss the benefits and limitations of employing governmental regulation vs. free-market solutions to economic issues.
- Apply an understanding of history and critiques to contemporary issues in business and society.
- Develop a personal point of view and opinion about capitalism and its contemporary issues.
This course is offered in the spring semester and is co-taught by Dr. Ali Zeytoon-Nejad and Dr. Rob Nash.