Political economy: Institutions, order, and evidence

This unit is an introduction to contemporary political economy, emphasising core theoretical concepts and controversies and empirical evaluation. Before political science or economics, there was political economy. This unit studies the interaction between the economy and political institutions: the formal laws, norms, conventions, and rules that shape economic activity. Special attention will be paid to canonical ideas of how these institutions impact the allocation and distribution of resources and economic development. This unit combines both theory and evidence. You will be exposed to concepts of empirical research design, comparative inquiry, and causality. Topics covered: the theory and empirics of voting; violence and political order; governance and collective action; elites and theories of the state; institutions and growth; institutional change and path dependence.