Exam 2008 - 2. According to Douglass North, institutions...

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European Business Institutions Prof. Leiponen Take-home exam March 2, 2008 Answer all the questions 1–3. These are worth 5 points each, and your answers can be relatively short and concise. Then answer two of the questions 4–6. These essays are worth 10 points each, and for full points you should try to integrate multiple readings and ideas into a coherent view. Turn your paper in to Nancy Trencansky’s office (102 Warren Hall) by 10am on Tuesday March 4. Note that academic integrity is assumed and expected. Any text that you submit must be yours (not copied from the readings or from any other sources) and if there is any suspicion that this is not the case, it will be thoroughly investigated. If you refer to somebody else’s ideas, then provide appropriate citations. (see http://www.cornell.edu/UniversityFaculty/docs/main.html ). 1. How is “European Corporatism” different from the American model of capitalism, and how do the differences influence businesses in Europe?
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Unformatted text preview: 2. According to Douglass North, institutions determine transaction costs and production costs. In light of some examples (your own or from the readings), explain in your own words what this means! 3. Discuss the role of institutions in supporting business: What do you think are the most important aspects of the institutional environment that matter for competitiveness, and why? 4. Discuss the future of EU enlargement in light of the readings and class discussion what are the issues, opportunities, and challenges? How do you see it evolving in the next 10 years? 5. Your Question Here: Articulate what you consider to be the most important question or puzzle regarding the European Union and, based on the readings, attempt to answer it. 6. Based on what you know about Europe and the EU from AEM 333, how do you explain the record fine of Microsoft by the EU competition commissioner (supplementary article attached)?...
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Exam 2008 - 2. According to Douglass North, institutions...

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