Abba Lerner Econ 490 fall 2017

Economists assume the market to be free of transaction costs, although they are evident in organizations and their systems of management. Interestingly, management is also one of the better methods to address transaction costs. I am going to talk a little bit about my work experience in my current job and its organizational structure. I work as a University Dining Student Employment Assistant, where I work with the Dining Student Program Coordinator to maintain adequate staffing for all the dining facilities and services on campus. This includes a work force of about 1,300 student workers for 6 Dining Halls, 5 a la carte locations, the catering department, production kitchen, and the Illini Union Ballroom. In class, we used the University as an example for topics like management hierarchies and cost-benefit analysis. My role is just another piece in a very long chain of command for University Housing. Fortunately, I work in the same office as my boss, so communication is always e