This lecture begins with a review of all the musical forms previously discussed in class: sonata-allegro, rondo, theme and variations, and fugue. Professor Wright then moves on to discuss the final form that will be taught before the students' next exam: ostinato. With the aid of music by Pachelbel, Purcell, and a few popular artists, Professor Wright shows the multitude of ways in which the ostinato bass has been used throughout the past several centuries.

In this lecture, Professor Wright briefly explores the manifestations of the fugue form in poetry, painting, and other disciplines, and then gives a detailed explanation of how fugues are put together in music. Though he uses excerpts by composers as disparate as Georges Bizet and Leonard Bernstein to illustrate his points, he draws his main musical examples from J.S. Bach.

In this lecture, Professor Wright discusses the nature of a critical concert review, in preparation for the students' assignment to review the Saybrook Orchestra's upcoming concert.

In this lecture, Professor Wright prepares the students for the upcoming concert they will attend, which will include pieces by Mozart, Brahms, and Beethoven. He discusses each of the pieces that will be on the program, paying special attention to form. Additional classical pieces are used to supplement the discussion of theme and variations and rondo form in the concert pieces. The lecture concludes with an example of rondo form found in a piece by the contemporary popular artist Sting.

In this final lecture of the semester, Professor Rae gives a summary of major themes, thinkers, and cases covered in the course. He begins by reviewing some foundational ideas, including Adam Smith's invisible hand, Marxist historicism, Malthusian economics, and Schumpeter's notion of creative destruction. Professor Rae also reviews the importance to capitalism of the modern nation state, which guarantees property rights and contracts, and recalls Hernando de Soto's theories about the importance of formal property rights for developing countries.

Professor Rae discusses the case TXU v. EDF, about an electric company private equity deal that involves environmental interest groups. Professor Rae structures the discussion by contrasting the deal as viewed from the perspective of Austin, TX and Washington, DC. Actors in both locations prioritize different aspects of the deal differently. The case highlights the importance of the "customer voter base," and the role of public opinion toward both companies and their associated politicians.

Guest speaker Paolo Zanonni, partner at Goldman Sachs, explains a major deal in the European utilities market. Enel, a major European utility, attempted to totally transform its position by expanding into the Spanish market and acquiring the Spanish utility Endesa. The deal was exceedingly complex, and involved multiple European governments, intense regional politics, and a handful of enormous utility companies. The transaction shows the important links between politics and free-market operations.

Guest speaker Paolo Zanonni, partner at Goldman Sachs, discusses the firm's transition from a straight partnership to a hybrid partnership / joint stock corporation. The impetus for the transition was to obtain the advantages of the joint stock corporation, especially in raising permanent capital, while maintaining the beneficial incentive structure of a partnership. The partnership selection process, which fosters leadership, entrepreneurialism, and conformity to the firm's corporate culture, has remained virtually unchanged since Goldman's IPO. Mr.

Professor Rae begins by briefly discussing his recent trip to Washington, where he became more closely acquainted with the health care reform bill. Professor Rae uses this example to highlight the intimate connections between capitalist market systems and the government. Then, with the help of two guest speakers, Professor Rae discusses the dramatic downfall and planned revival of one of Yale's most iconic institutions: Mory's club. Various methods for increasing the club's relevance to the contemporary Yale community are discussed, including reforming membership rules.

In a pre-recorded lecture, Professor Rae discusses problems with using gross domestic product (GDP) as a measure for societal well-being. For example, GDP fails to capture wealth inequality and socially undesirable conditions that can increase GDP. He then touches on some of the "traps" presented in Paul Collier's book, The Bottom Billion, that are keeping the poorest of the developing countries mired in poverty.