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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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- Spring '08