Economics of Public Choice

Aims of the course

no description

Course syllabus

1. New political economy, preferences and choice.
2. Normative theory of public choice, positive theory of public choice.
3. Subjects of public choice - government, political parties, bureaucracy, interest groups, clubs, voters.
4. Applications upon economic problems and their empirical results: politico-economic cycles, economic model of regulation, non-perfect competition and rent-seeking, economic analysis of government.
5. Economic analysis of political institutions: two- and multiparty systems, elections systmes, federalicm and local self-management.
6. New institutional economics: the racinality assumptions critique; transaction cost, property rights and market imperfections, formal and informal institutions, theory of institutional change, institutions and economic efficiency.

Course director(s)