6. Lecture complex (thesis of the lectures) Lecture 1. Firm in the market economy

Firm as property complex and economic subject. Place and role of firm in economic system. The general concept about firm as the subject of the market. Firm as the property complex used for business activity. Subject and object bases of firm. Main signs of firm: organizational unity, legal and economic isolation, independence, property responsibility, participation in a civil turn. The features of firm.

Classification of the enterprises for form of ownership, organizational and legal form, size, specialization and other signs.

Main functions of the enterprise: production of goods and services, saturation of the market goods, receiving profit, solution of social tasks.

Environment of the enterprise: structure and variable factors of the environment. Political, economic and legal environment. Welfare environment of the enterprise. Scientific and technical and ecological environment. Natural and economic conditions of the commercial agricultural organizations (enterprises).

Literature: 1-42.

Lecture 2. Theories of firm: neoclassical and institutional

Firm as main institute of modern economy. Signs of firm as special economic subject. Concept of organizational structure of firm, stages of construction of system of horizontal and vertical division of labor.

Firm, branch and market. Competition and classification of market structures.

Interaction of firms in the conditions of different type of market structures. Parameters of behavior of firm. Types of behavior of firm in the market: competitive behavior, strategic behavior, the dominating behavior.

Main concepts of firm: neoclassical, neoinstitutional, strategic, enterprise, evolutionary. A. Marshall, J.B. Clark, R. Coase, O. Williamson.

Literature: 1-42.

Lecture 3. Transaction cost theory of firm

Concept of transaction. Essence and origin of transactional expenses. Action. Classification of transactional costs for J.R. Commons. A voluntary exchange (transaction – the transaction (сделка). Transaction of management. Rationing transaction. Distribution. Interaction expenses. Cost intensity of information. Opportunism. Information asymmetry. Specialization. Division of labor. Uncertainty. Expenses of the political market. Constants and variable transactional expenses. Transactional capital. Agency expenses. Optimum. Efficiency.

Types of transactional expenses. External (market) transactional expenses. Expenses on preparation of the contract (information search), expenses on the conclusion of the contract (negotiations and decision-making), expenses on monitoring and upholding of the interests. Information search. Internal (administrative) transactional expenses. Expenses on construction, maintenance and improvement of organizational structure of the company. Management expenses organization. Political transactional expenses. Costs of creation and maintenance of power structures.

Economy in the conditions of "friction". The optimum volume of release in the conditions transactional expenses. Production function. Undeveloped markets. Shadow sector. Deficiency of investments.

Management of transactional expenses of firms. Logistics. Supply. Quality. Modernization. Stability of production. Collection of information and control. Automation.

Literature: 1-42.