Political Economics

ECON60492 Political Economics 15 Semester 2 Postgraduate Taught Level 6 Alejamdro Saporiti Unit coordinator Economics 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 <div>The purpose of this course is to study some key concepts and models in the literature on political economics, with a focus on redistribution and the electoral process of democratic countries</div>  <div>At the end of this course, students should be able to demonstrate:<ul> <li>Knowledge and understanding of the main tools used to formally represent political economics problems; and how and when to apply the various existing models, as well as the main limitations of them.</li> <li>Intellectual skills to critically assess theoretical arguments, and to interpret, organize and understand real world problems involving economics and politics.</li> <li>Practical skills to derive theoretical results and to present them to small audiences.</li> <li>Transferable skills and personal qualities to express political¿economic concepts, reasoning, and intuitions to non-specialized audiences.</li></ul></div>  Provisional1. Electoral Competition: candidate location; policy commitment; electoral uncertainty; political motivations; power; ideology; policy differentiation (convergence); median voter result; political instability.Recommended Reading¿ Drouvelis, M., Saporiti, A., Vriend, N., Political Motivations and Electoral Competition:Equilibrium Analysis and Experimental Evidence, Games and Economic Behavior, Vol. 83(2014), pp. 86–115.¿ Gehlbach, S., Formal Models of Domestic Politics, Cambridge University Press (2013).Chapters 1-2.2. Programmatic Redistribution: income taxation; indirect preferences over policies; political equilibrium; redistribution; inequality gap (median vs mean); median voter; social preferences; inequality aversion.Recommended Reading¿ Meltzer, A., Richards, S., A rational theory of the size of government, Journal of Political Economy 89 (5), (1981), pp. 914-927. Lecture and Tutorial 1 Written exam 100% Y Acemoglu, D. Egorov, G., Sonin, K., A Political Theory of Populism, Quarterly Journal ofEconomics, (2013), pp. 771–805.   Lectures 20 Tutorials 5 0 125 TimetableLecture: Monday 3pm-5pm,Tutorial: Monday 5pm-6pm,