Prerequisites
Some exposure to mathematical reasoning will be helpful, at the level of an introductory microeconomics course. While there are no formal requirements, student should be comfortable with analytical reasoning (logic, basic mathematics, etc.). No sophisticated mathematics will be involved, but logical, rigorous thinking will be necessary.
Course Description
This course focuses on the role that political institutions play in political outcomes. Topics include: public goods and externalities, formation and behavior of groups, elementary game theory, operation of collective choice mechanisms via electoral systems (voting such as majority rule, plurality, quota systems, etc.) and principal agent problems. The topics covered illustrate that “the rules of the game” – the political institutions used – influence critically group outcomes and policies.The essence of public choice involves groups of individuals selecting a common (ie collective) alternative (be it restaurant, movie, budget or policy). Hence, this course introduces students to the fundamentals of collective choice: ``` How are/ should group decisions be made?’’ ``What does it mean for a group to decide `democratically?’’’ ``Does voting lead to `good’ outcomes?’’Grading Policy
Usual plus/minus grading based on home works, exams, participation and final.
Texts
Analyzing Politics (second edition) by Kenneth Shepsle published by W. W. Norton& Company (2010)Selected chapters of Rational Choice by Andrew Hindmoor. Palgrage Macmillain (2006) Selected sections of Electoral Systems: a Comparative Introduction by David Farrellpublished by Palgrave Macmillan (2001)