W. Mark Crain, Simon Professor of Political Economy, developed a new course during the 2005 fall semester, which is one of the courses required for the policy studies major (PSTD300). The objective of Industry, Strategy, and Policy is to promote interest in, and prepare students for, careers in public policy and government affairs.
The course probes the intersection of business and politics by stressing the myriad ways that policies affect business decisions and market outcomes. It provides students a unique opportunity to learn about the major sectors of the global economy.
The course is organized around students teams, each assigned to research a major sector of the global economy including health care, finance, telecommunications, national security, information and media, information technology, manufacturing, transportation, and energy. Each team prepares a written report and a class presentation on their assigned sector. Crain invites guest commentators to provide comments and feedback to students as well as to offer their own perspective on the sector. The students then have the opportunity to debate the topic. Each team revises their report in light of the class discussion and comments.
During the fall 2005 prototype course, guest commentators included Harold Kamine ’78, chairman of KMC Telecom and a Lafayette trustee; Shawn Coughlin ’87, principal and COO of Capitol Health Group; William Rappolt ’67, retired treasurer, M&T Bank; Peter Jacoby ’81, vice president-director for congressional affairs, AT&T; Fred Benson ’59, Benson Capitol Commentary; Susan Fox ’88, vice president of government regulations, the Walt Disney Company; Christopher Caine ’78, vice president of governmental programs, IBM; Roger Heumann ’75, president, Olympia Sports Co.; and Stephen Pryor ’71, president of ExxonMobil. |