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POLECON Economic Analysis of Political Institutions

Business Law: Venture/Entrepreneurship

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POLECON 681

Economic Analysis of Political Institutions

Graduate School of Business

Recommended for route(s):

[ Academia ] [ Regulatory & Policy ] [ Transactional ] Business Law: Venture/Entrepreneurship

Why it is relevant for ...

[ Academia ] [ Regulatory & Policy ] [ Transactional ] as a Relevant Course outside SLS for those interested in Economics : Students expecting to become general business lawyers will get a broad and useful perspective from this course. It considers the evolution of legal rules affecting commercial activities. Students with little background in economics should consider taking the Microeconomics course listed in the Outside the Law School section first.

General course Description:

This course extends the foundations developed in P680 by applying techniques of microeconomic analysis and game theory to the study of political behavior and institutions. The techniques include information economics, games of incomplete information, sequential bargaining theory, repeated games, and rational expectations. The applications considered include agenda formation in legislatures, government formation in parliamentary systems, the implications of legislative structure, elections and information aggregation, lobbying, electoral competition and interest groups, the control of bureaucracies, interest group competition, and collective choice rules. Also listed as Political Science 351B.

Course Style: A Substantive course teaches the law, theory, and policy in a particular area of law

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