The Political Economy of Institutions
Provides survey of institutional analysis, focusing on recent develop- ments in economics, political science and legal studies. Emphasis is on analysis of institutional change and the functions of institutions. Explores mechanisms by which constitutions, laws, customs and conventions undergo transformations. Topics include pace of institutional transformation, latent change, social inertia, political revolutions, links between beliefs/behaviors, and the social functions of laws, customs and conventions. Readings and case studies reflect the interdisciplinary characteristic of field. Pre-requisites: ECON701D and 705D or ECON601 and ECON605 and must be Economics PhD or Political Science PhD or instructor consent. 3 units.