Prerequisite: An introductory course in Economics is required to sign up for this course.
Abstract
This course takes incentives of politicians into account to form a better understanding of the formation of policy and the role of different political institutions in shaping economic policy.
Learning objective
In principles courses of economics, the functioning of markets and ways in which the government can shape and influence are discussed. The implicit assumption thereby is that the government will act in the interest of society at large. This course takes incentives of politicians into account to thereby form a better understanding of the formation of policy and the role of different political institutions in shaping economic policy. The course will thus provide you with a critical understanding of the institutions and decision-making processes commonly found at the national and international level. We will discuss quantitative research papers that analyze the effects of institutions and past policies. The focus thereby is on how the interplay between democratic institutions and self-seeking individuals, lobby groups, and parties determines the degree of redistribution in a society. This course will also improve your understanding of the theoretical approaches, that policy-makers frequently apply to analyze societal problems.
Prerequisites / Notice
An introductory course in Economics is required to sign up for this course.
