Learning Outcomes:
By the end of the course, students should be able to:
1. Explain and critically evaluate the key concepts, theories, and debates in New Institutional Economics and Comparative Political Economy.
2. Analyse how institutions shape economic and political incentives and outcomes, including their implications for economic growth, development, democracy, corruption, and state capacity.
3. Evaluate competing explanations for institutional variation across countries and over time, including the roles of geography, political structures, historical factors, and economic interests.
4. Analyse the processes through which institutions emerge, evolve, and persist, with particular attention to the actors, incentives, and power relations that shape institutional change.
5. Critically assess contemporary empirical research on institutions, including the evidence concerning whether, how, and under what conditions institutions affect economic and social development.
6. Apply institutional and comparative political economy perspectives to real-world cases, including democracy deficits, corruption, state failure, and differences in development outcomes across regions and countries.
Indicative Module Content:
The key topics that will be addressed in this module include:
1. The concept of institutions. Types of institutions. What are they and why they are important?
2. How institutions shape economic and political outcomes.
3. How are institutions shaped?
4. Who shapes institutions and why?
5. Why explains variation in institutions across the world?
6. Do institutions really matter?