Econ 1620 - Lecture 2

Lecture II The Problem of Economic Organization

Economies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Coase ,[object Object],[object Object],[object Object],[object Object],[object Object]

Coase Discussion ,[object Object],[object Object],[object Object],[object Object],[object Object]

Coase (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

A Conceptual Framework (Insight Into Markets and Organizations?) Division of Labor Specialization Coordination Organization Market Information

A Conceptual Framework (Continued) ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],Markets

[object Object],[object Object],Markets (Continued)

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Pursuit of Productivity

[object Object],[object Object],[object Object],[object Object],The Pursuit of Productivity (Continued)

[object Object],[object Object],[object Object],[object Object],[object Object],The Pursuit of Productivity (Continued)

[object Object],[object Object],Organizations

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Financial Markets as an Example of Complexity

What is Efficient Price for MBA ? Position Financial Analyst at Consulting Firm Fuzzy Job at .com with IPO Target -2 to 3 years Your own business model to deliver service value to new MBA’s (Social Enterprise) Compensation $100,000+ $50,000 + Options - 0 - Must raise capital Control Ownership

Econ 1620 - Lecture 2

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Econ 1620 - Lecture 2