FIRM, MARKET OR HYBRID - ON THE ECONOMIC DETERMINANTS OF CONTRACTING FORMS. THE TRANSACTION COST ECONOMICS APPROACH 2400-PLSM060B
Theoretical issues:
1. Organizational economics - introduction
2. The economics of organization in a historical perspective
3. Make or buy decisions – a survey of models describing the choices between various organizational forms (theories of the firm)
4. Organizational economic in brief: organizational design, natural system approaches, contingency theory, Carnegie School and H. Simon, and others
5. Organizational theory in new institutional economics
6. Williamsonian transaction cost economics
Methodological issues:
1. How to write a bachelor dissertation?
2. How to prepare an empirical study?
During the course some theoretical issues will be ilustrated by empirical cases.
Type of course
Prerequisites (description)
Course coordinators
Learning outcomes
After the completion of the seminar student can identify the determinants of a given organizational form; also he is able to use the transaction cost economics approach while proposing alternative governance modes.
Students will learn how to write a M.Sc. Thesis.
KW01, KW02, KW03, KU01, KU02, KU03, KK01, KK02, KK03
Assessment criteria
Students will be evaluated on the basis of dissertation's conspect (first semester) and the quality of the dissertation (second/third semester).
Bibliography
Must-read: O. Williamson (1985), The Economic Institutions of Capitalism, The Free Press, New York (available also in Polish transalation from 1998).
Hardt Ł. (2009), Ekonomia kosztów transakcyjnych – geneza i kierunki rozwoju, WUW, Warszawa (rozdz. 3, 4, 5)
Additional readings will be suggested during the course.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: