EKONOMIJA UPRAVLJANJA

Upon passing the exam a student will be able to: - explain conditions for efficient allocation of resources through the mechanism of market exchange - explain, compare and choose ways in which coordination of economic activity leads to emergence of transaction costs - analyze concept of relational contracting, incomplete contracts and bounded rationality - formulize how different types of rents could be used to rise efficiency - choose among models of organizing contemporary production firms, based on concepts of core competencies and complementarities in production - integrate four key connected complementary areas that are addressed by a successful corporate strategy, boundaries of the firm, competitiveness at the market, defining of competitive advantage, and ways on how firm decides on organizing its resources