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ES30093: Political economy

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: CW 20%, EX 80%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 20%)
  • Examination (EX 80%)
Further information on supplementary assessment Supplementary Assessment: Reassessment not allowed
Further information on requisites Requisites: Before taking this unit you must take ES20011 and take ES20012
Further information on descriptions Description: Aims:
To provide students with the necessary tools to analyze and understand social choice and political economy problems such as: different voting systems, implementation of public policies, political institutions and electoral competition.

Learning Outcomes:
At the end of the unit students should:
* Be able to understand the different voting systems and their advantages/disadvantages.
* Be able to understand and use the concept of implementation and how it relates to social and political issues.
* Be able to understand and distinguish the incentives provided by the different institutions governing the economy.
* Be able to understand the different models of political competition and how these relate to real life situations.

Skills:
Problem solving, logical thinking, understanding of collective decision problems.

Content:
1. Collective Preferences and Choice Problems
2. Restricting Outcomes and Preferences, Arrow┬┐s impossibility Theorem
3. The Spatial Model of Political Competition
4. Implementation of Public Policies
5. Decision Processes in Committees
6. Economic and Political Institutions
Suggested textbooks:
* Austen-Smith and Banks (1999) Positive Political Theory I: Collective Preference, Ann Arbor. University of Michigan Press.
* Austen-Smith and Banks (2004) Positive Political Theory II: Strategy and Structure, Ann Arbor. University of Michigan Press.
Further information on programme availabilityProgramme availability:

ES30093 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 3)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
  • UHES-AFB02 : BSc(Hons) Economics and International Development (Year 3)
  • UHES-AKB02 : BSc(Hons) Economics and International Development with Year long work placement (Year 4)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)

Notes:
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.