ECON 7380 - [Public Choice]

Spring. Next Offered: 2019-2020. 4 credits. Student option grading.

Prerequisite: ECON 6090, ECON 6100.

Staff.

This course has two parts. It begins with an introduction to economic theories of political decision making. Reviews the theory of voting, theories of political parties and party competition, theories of legislative decision making and interest group influence. Also discusses empirical evidence concerning the validity of these theories. The second part uses these theories to address a number of issues in public economics. Develops the theory of political failure, analyzes the performance of alternative political systems and discusses the problem of doing policy analysis, which takes into account political constraints.