ECC3871 · Political economy: Institutions, order, and evidence

Overview

This unit is an introduction to contemporary political economy, emphasising core theoretical concepts and controversies and empirical evaluation. Before political science or economics, there was political economy. This unit studies the interaction between the economy and political institutions: the formal laws, norms, conventions, and rules that shape economic activity. Special attention will be paid to canonical ideas of how these institutions impact the allocation and distribution of resources and economic development. This unit combines both theory and evidence. You will be exposed to concepts of empirical research design, comparative inquiry, and causality. Topics covered: the theory and empirics of voting; violence and political order; governance and collective action; elites and theories of the state; institutions and growth; institutional change and path dependence.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. understand the interaction between political institutions and markets
2. evaluate how formal and informal institutions impact economic activity and outcomes
3. critically consume contemporary empirical work in political economy and related disciplines
4. critically assess how institutions shape the behaviour of political actors.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.