FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

Market Microstructure


UNIT-I
Economic Organization and Efficiency: Concept and rationale of organization, Organization and Efficiency, The
problem of Economic Organization, Organizational Objectives, and Transaction cost analysis.
UNIT-II
Use of Price for coordination and Motivation, Neoclassical Model and theories of Organization, Market failure
and Organization; Coordination: Market and Management, Price and coordination, management, Decentralization
and the means of coordination.
UNIT-III
Bounded Rationality and Private Information, Motivation: Contracts, Information, and Incentives, Moral Hazard
and Performance Incentives, Moral hazard in Organization, Controlling Moral Hazard.
UNIT-IV
Employment Policy and Human Resource Management, Internal Labour Market, Critique of Classical Theories
of Employment, Job Assignments and Promotions, Compensation and Motivation: Implicit Incentive Pay,
Performance Evaluation, Job Design, Incentive Pay for Groups