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What is Managerial Economics: Firm Organization Insights about?

This document provides an overview of Session 7 of the FINC304 Managerial Economics course. The session will cover how firms procure inputs and drive labor to put in best efforts. It will discuss spot exchange, contracts, and vertical integration for procuring inputs. Transaction costs are key to determining the best procurement method. The session will also examine principal-agent problems between owners and managers, and managers and workers, and ways to align their incentives such as incentive contracts,

Author

Jephthah Bansah

Language

EN