Listed in: Economics, as ECON-479
Formerly listed as: ECON-79
Christopher G. Kingston (Section 01)
All economic activity is embedded in a framework of institutions including both formal laws and contracts, and informal norms and conventions. Institutions constrain individual behavior and thereby affect resource allocation, income distribution, learning, and economic growth. This course introduces recent approaches to the study of institutions in economics and political science. Particular emphasis will be placed on recent applications to economic history and development, and to theories of institutional stability and change.
Requisite: ECON 420 or consent of the instructor. Limited to 15 students. Spring semester. Professor Kingston.
If Overenrolled: Students will be asked to write a paragraph indicating their academic background and reasons for wanting to take the course, and the class will be selected to achieve a diverse group. Preference will be given to junior and senior economics majors.