Institutional economy

Collection of tasks for the discipline "Institutional Economics"

Task 1.
Question 1. Which economist is considered the founder of traditional institutionalism?
1. R. Coase;
2. T. Veblen;
3. D. North;
4. O. Ulyamson;
5. D. Kommans.
Question 2. Is there a definition of the subject of institutional economics in the options?
1. about the system of objective economic relations between classes of people, formed in the process of production, distribution, exchange and consumption of goods;
2. on the search for an effective form of organizing the social economy, the science of wealth;
3. studying economic behavior through the prism of stereotypes of social agents;
4. on the rational behavior of economic agents in the process of production, distribution and consumption of goods in the world of limited resources;
5. there is no definition.
Question 3. What is the main reason for the evolution of public institutions?
1.development of production;
2. social progress;
3. evolution of democracy;
4. positive transaction costs;
5. negative transaction costs.
Question 4. What are the main categories of "old" institutionalism?
1. institutions;
2. transaction costs;
3. marginal utility;
4. production factors;
5. ultimate performance.
Question 5. What are the main differences between modern "old" and "new" institutionalism?
1. the use of the category "transaction costs" along with the category "institution" for economic analysis;
2. consideration of society as a whole;
3. the determining role of institutions and their impact on the development of society;
4. the main provisions formed in the works of American institutionalists;
5. the leading role of finance capital in economic progress.
Task 2.
Question 1. What reasons can you name for the emergence of institutions?
1. low transaction costs;
2. high transaction costs;
3. low production costs;
4. high transformation costs;
5. marginal cost.
Question 2. What is not part of the institute?
1. formal rules;
2. informal norms;
3. organizations;
4. system of punishment;
5. formal norms.
Question 3. What determines the greater stability of informal norms?
1. the duration of their evolution;
2. artificial establishment "from above";
3. judicial practice;
4. legislation;
5. society.
Question 4. What are the formal rules?
1.the constitution;
2. tradition;
3. custom;
4. law;
5.category.
Question 5. What is transaction costs?
1. these are the costs associated with the production of products;
2. these are the costs associated with the production of goods and services;
3. these are non-production costs;
4. these are the costs of purchasing raw materials and supplies;
5. these are the costs associated with the purchase of services.
Task 3.
Question 1. What costs do not belong to transaction costs?
1. costs of information retrieval;
2. the costs of opportunistic behavior;
3. costs of maintenance of machines and equipment;
4. costs of protecting property rights;
5. variable costs.
Question 2. What are the costs of transaction costs?
1.the cost of the teacher's salary;
2. the family's expenses for paying for a mobile phone;
3. the costs of the company for the purchase of raw materials and materials;
4. family expenses for gasoline;
5. the family's expenses for whitewashing the ceiling flooded by neighbors from the upper floor.
Question 3. What is meant by production costs in microeconomic analysis?
1.expressed in value terms, production costs associated with the refusal of alternative use of production resources;
2. expressed in value terms, production costs associated with payment for consumed production resources;
3. the physical volume of production resources expended for the production of a given quantity of goods;
4. the part of production costs expressed in value form, which meets the requirements for the efficient use of production resources;
5.the physical volume of production resources consumed in the immediate future