FrancineBlauEcon490Fall2019

Are the themes from one post that tie into other posts? if so, what are those connections? In the second and third post, the connection of various costs can be made. In the second blog post, we focused on transaction costs that occur, while in the third post we focused on working on various teams. I think it is interesting to consider that there may also be transaction costs when working with a team. I think it would be interesting to further work to understand the various transaction costs that are faced by teams, or the various transaction costs within a given team. Both the second and third blog post focuses on teams and organizations and although there may be a distinction between a given team versus an organization, I believe it is relevant to note the similarities between the two functions. In many ways, an organization is just a large team, often made up of various smaller teams. I think it is interesting to think about the structure of an individual team versus an organizati...

On-campus there are various things that the administration could incentivize students to use their “Illinibucks” on, if they were to implement them in a variety of different ways. For example, as stated in the prompt, I believe that students would be willing to pay for and use Illinibucks to register for classes earlier than their time assigned. Most students have value towards what classes they want to take, and at a school the size of the University of Illinois, it is sometimes harder to get into a particular class that an individual would prefer to take. I also think students would utilize this function of Illinibucks to change their schedules. During the first ten days of the semester, currently, students are allowed to add or drop classes freely and I think during this time students would attempt to utilize Illinibucks as by this time many classes are full, and only a few spots will potentially open up. With this type of system, there would several issues if the pricing was not se...