department of economics honours programme in economics institutional economics 771 2020 presenters dr krige siebrits coordinator prof sophia du plessis office cgw schumann building room 509a office cgw schumann building ...
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...Department of economics honours programme in institutional presenters dr krige siebrits coordinator prof sophia du plessis office cgw schumann building room a tel email krigesiebrits sun ac za internal moderator introduction welcome to the module we trust that you will find it interesting and useful during past three decades new has become vibrant branch boiling cauldron ideas as leading economist oliver williamson put since four economists have won nobel memorial prize economic sciences ronald coase douglass north elinor ostrom defined institutions follows are humanly devised constraints structure human inter action they made up formal e g rules laws constitu tions informal norms behaviour self imposed codes conduct their enforcement characteristics should be clear from this definition is wide ranging field study cannot covered depth one semester focuses on two most important strands research links between development performance economies initiated by role transaction costs organisat...