Arnold Harberger Econ 490 Fall 2019

In order to address and manage future income risk post graduation, most of my decisions regarding my education, extra-curriculars, and activities during the summer over the past 2 or 3 years have been geared towards mitigating income risk in the future. I had chosen economics as my major partly because I was not allowed to apply for the school of business after being enrolled in UIUC full time for two semesters as well as I felt that it would lead to opportunity for a wide range of entry level non-technical positions. In all honesty, I had little to no interest in economics but felt it was the strongest major I had the opportunity to join (not allowed to apply to business, credentials not strong enough for engineering as well as both schools having higher tuition) so the decision was wholly based on the idea that I believed that it would open up job opportunities and help mitigate income risk. I am going to be paying all of my student loans on my own, this idea helped push me to make ...

Yes I believe there are themes from the different posts throughout the semester that tie in together with each other. Aside from the introductory blog post, it seems that the ideas from blog posts are very different however they also build upon each other and intertwine. The themes of the blog posts had been transaction costs, opportunism, successful team structures, and transfer pricing. Within the transaction costs post I had discussed the transaction costs of relationships within work and why they had mattered. The next post discussing opportunism had been a different concept, however I had still been able to write about relationships within work.  In terms of successful team structures, the hierarchy of teams and delegation of work had been discussed but that was also a post that mainly surrounded relationships within an organization. When discussing transfer pricing, I had mostly discussed how “Illinibucks” could be used to affect course registration. This had not discussed t...

Since the question is purely hypothetical, the use of Illinibucks could be used for a vast range of different things on campus and could be issued in a variety of different ways. In terms of the different ways that the Illinibucks could be issued, they could be a yearly stipend given at the beginning of the academic year, they could be distributed at the beginning of each semester, or they could be issued more periodically on something like a biweekly basis. An equal amount could be given to all students, it could be different based on academic performance, or it could be based on what school you are in since tuition is higher for those in the engineering and business schools. There are truly an unlimited amount of ways Illinibucks could be distributed, however academic performance would be a good motivator for students if the Illinibucks were used for something students genuinely wanted. The Illinibucks could also be allocated through a first come first serve  or a priority basis...