14.773 Political Economy: Institutions and Development


Class Info

Economists and policymakers increasingly realize the importance of political institutions in shaping economic performance, especially in the context of understanding economic development. Work on the determinants of economic policies and institutions is in its infancy, but is growing rapidly. Subject provides an introduction to this area. Topics covered: the economic role of institutions; the effects of social conflict and class conflict on economic development; political economic determinants of macro policies; political development; theories of income distribution and distributional conflict; the efficiency effects of distributional conflict; the causes and consequences of corruption; the role of colonial history; and others. Both theoretical and empirical approaches discussed. Subject can be taken either as part of the Development Economics or the Positive Political Economy fields.

This class has 14.121, and 14.451 as prerequisites.

14.773 will be offered this semester (Spring 2018). It is instructed by D. Acemoglu and L. Fergusson.

Lecture occurs 10:30 AM to 12:00 PM on Tuesdays and Thursdays in E51-376.

This class counts for a total of 12 credits. This is a graduate-level class.

You can find more information at the 14.773 Home Page site or on the 14.773 Stellar site.

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