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The purpose of the course is to introduce students in relatively new field in economic theory: the modern institutional economics, mainly its part called the New Institutional Economics (NIE). Knowledge of its basic concepts, methods and tools of dealing with economic problems seems to be very useful particularly in analysing economic problems of so called “transition economies”
2. Initial characteristics of New Institutional Ecomomics (NIE).
3. NIE on markets.
4. Elements of transaction costs.
5. Property rights.
6. NIE and contract theory.
7. Firms in the NIE.
8. Final exam.