EE402 Institutional Economics

3 (3-0-6)

Prerequisites: EE311

Studying development of institutional economics thought. Analyzing how institutions shape the incentives of economic agents, and how this influences socioeconomic outcomes. Examining factors contributing to the formation and demise of institutions, transactional costs, and changes within institutions. Using mainstream Economics to analyze the political market structure, political phenomena, and rent-seeking behavior as exercised by government bodies. Studying how Special Interest Groups (SIGs) impacts economic policies.