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Economics: Institutional Economics

ECON 2755 OL1 (CRN: 61543)

3 Credit Hours

About ECON 2755 OL1

All economic activity takes place within a framework of institutions (such as laws, and social norms) that constrain individual behavior and thereby affect resource allocation, income distribution, and economic growth. Emphasizes the effects of transaction costs on simple and complex transactions, the principal-agent problem, and the collective action problem, among other topics. Prerequisites: ECON 1400, ECON 1450.

Instructor

Notes

Asynchronous online

More Information

Section Description

All economic activity takes place within a framework of institutions (i.e. laws, and social norms) that constrain individual behavior and thereby affect resource allocation, income distribution, and economic growth. This course examines the many forms in which institutions affect economic outcomes. The course emphasizes recent scholarship on political institutions and institutional change discussing, among other topics, the credible commitment problem, and the obstacles to the development and consolidation of democratic institutions.

Evaluation

Your grade will be based on homework assignments (35%), one midterm exam (30%) and a final exam (35%). The final exam is cumulative.

Class Times

to

Location

Online (View Campus Map)

Important Dates

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Deadlines
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