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Reflection

There were many lessons I enjoyed learning this semester and one which I had not been aware before concerned transaction costs. Transaction costs are prevalent everywhere in society and they directly affect organizations. The biggest take away I learned from our lessons on transaction costs revolved around those that have already affected me. For example, the search and information transaction costs that affected how I chose which apartment to live in. On the other hand, the other lessons I learned about transaction costs, like contract enforcement, I am sure will serve me well in my career. I also think transaction costs are important to learn because they are mostly neglected or hidden from the obvious costs organizations deal with. However, by an organization realizing all their transaction costs they can limit them and help spur growth in their organization. Overall, I enjoyed the way the class was structured. Personally, I enjoy online classes and try to take as many as possible...
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Triangle like arrangement

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