Economic models of government structure and function: electoral competition, voter participation and cycles, preference aggregation, information aggregation, externalities and public goods, electoral structure, political agency, influence, and bargaining.
Econ 477 students will be able to
- Understand fundamental collective action problems and solutions.
- Identify benefits and limitations of democratic processes.
- Identify parallels between political competition adn market competition.
- Compare the strategic incentives created by alternative votiing rules and other political institutions.
- Identify puzzles that remain unexplained by modern political economic analysis.
- Recognize key assumptions implicit in political debate.