Traditional last post
I think that the most valuable lesson that I learned from class is how to look at organizations. Before taking this class I rarely thought about the reason that organizations were the way they were. This class has given me a sound understanding of the basics. This ground work enables me to be able to look at an organization and understand the forces and reasons that it is the way it is. While I think that this is an enormously valuable skill to have it is a bit vague in regard to this post. If I were to be a bit more specific I would say the transaction costs was an extremely useful lesson that we learned in class. Nearly every economics professor I have taken a class with talked about transactions costs, if only in passing. This is the first class were I fully understood what transaction costs are and how they related to other economic ideas. I do think that a part of this is the article that my team read. I would not have as strong as a grasp on transaction costs if I did not r...