Political Economy

Faculteit University College Groningen
Jaar 2019/20
Vakcode UCGSS203
Vaknaam Political Economy
Niveau(s) bachelor
Voertaal Engels
Periode semester II b
Rooster rooster.rug.nl

Uitgebreide vaknaam Political Economy
Leerdoelen At the end of the course students are able to:
· Use economic theory to discuss the concept of government failure
· Explain how institutions may mitigate the problem of government failure.
· Apply rational choice theory as well as the expressive voting model to assess the behavior of voters in elections.
· Explain the concept of rent seeking and identify real-world examples of rent seeking behavior
· Distinguish between political economy models and traditional models of fiscal policy and economic growth and evaluate the differences in outcomes.
· Explain how elections may influence economic policies / outcomes
· Apply simple game theoretical concepts to show that fiscal deficits / government debt may be too high from a social welfare point of view.
· Discuss the causality between institutional development and economic development
· Debate about the necessity for anti-fake news policy
Omschrijving This course provides an introduction into the field of political economy. Political economy studies the interaction between politics and economics. On the one hand, it studies how political behaviour and political choices can be understood using economic models. On the other hand it studies how politics and political institutions affect economic outcomes. By doing so, it contributes to the explanation why (economic) policies often are often sub-optimal (from a social welfare point of view). In this course we study questions such as: Why do people vote? Are politicians serving the general interest? Why are necessary economic reforms often delayed? Why is delegation of power to an independent central bank important? Do democracies have better economic performance than autocracies?

The course consists of interactive lectures in which academic articles are discussed. These lectures include student presentations, class experiments and Q&A sessions
Uren per week 4
Onderwijsvorm Lecture, Study Group
Toetsvorm Assignments, Written exam
Vaksoort bachelor
Coördinator dr. R.M. Jong A Pin
Docent(en) dr. R.M. Jong A Pin
Verplichte literatuur
Titel Auteur ISBN Prijs
Texts will be provided
Opgenomen in
Opleiding Jaar Periode Type
Liberal Arts and Sciences  (Year 2) - semester II b keuze