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Political Economy

This course provides an introduction to political economy, which seeks to understand policy outcomes and political behavior using tools from economics. The course will apply economic theories to the study of political action and policy formation. Students will learn how economic and political forces shape the incentives of policymakers. The course will also examine the role of institutions in shaping political action and policy. It will cover topics related to rational choice theory, collective action, the role of institutions, and the political economy of Pakistan.

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64 views2 pages

Political Economy

This course provides an introduction to political economy, which seeks to understand policy outcomes and political behavior using tools from economics. The course will apply economic theories to the study of political action and policy formation. Students will learn how economic and political forces shape the incentives of policymakers. The course will also examine the role of institutions in shaping political action and policy. It will cover topics related to rational choice theory, collective action, the role of institutions, and the political economy of Pakistan.

Uploaded by

qurra tul Ain
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Political Economy

Course Description and Objectives

This course is designed to provide students with an introduction to the field of political economy.
Political economy seeks to understand and explain policy outcomes and political behavior. The approach
taken is an interdisciplinary one that utilizes tools and concepts from economics to study politics and
political behavior. The course will presume that political actors are rational and goal oriented. Political
outcomes are then explained by the interaction between these actors within the (institutional)
constraints of their environment. This course aims to enable students to apply economic theories and
concepts to the study of political action and the formation of policy. Students will learn how economic
and political forces may shape the incentives and constraints of policymakers and other political actors.

Furthermore, this course will enable students to recognize the role of institutions in shaping both
political action and policy outcomes.

Recommended Reading

Textbooks

Shepsle, K.A. Analyzing Politics: Rationality, Behavior, and Institutions, 2nd Edition (2010). W. W. Norton
& Company

Kardar, S. (Latest Edition). The Political Economy of Pakistan. Progressive Publishers

Supplementary Texts

Riker, W.H. (1988). Liberalism Against Populism: A Confrontation

Between the Theory of Democracy and the Theory of Social Choice. Waveland Press

Nadeem, A.H. (2002). Pakistan: The Political Economy of Lawlessness. Oxford University Press

Hussain, I. (1999). Pakistan: The Economy of an Elitist State. Oxford University Press

Course Contents

A. Introduction to Political Economy

1. Course Introduction, Overview

2. Approaches to the Study of Political Economy (Shepsle Chapters 1 and 2)

3. Analyzing Group Choice (Shepsle Chapters 3 and 4)

4. Spatial Models of Majority Rule (Shepsle Chapter 5)

5. Strategic Behavior and Majority Rule (Shepsle Chapter 6)

6. Voting and Elections (Shepsle Chapter 7)

B. Understanding Collective Action

1. Cooperation (Shepsle Chapter 8)


2. Collective Action (Shepsle Chapter 9)

3. Market Failures and Collective Action (Shepsle Chapter 10)

C. What Role Do Institutions Play?

1. Institutions and Their Impact (Shepsle Chapter 11)

2. Legislatures (Shepsle Chapter 12)

3. Bureaucracy, Delegation, and Principal Agent Theory (Shepsle Chapter 13)

4. Courts and Judges (Shepsle Chapter 15)

D. Topics in the Political Economy of Pakistan

1. The Economics of Patronage

2. Seven Pillars of Good Governance

3. The Political Economy of Reforms

4. Pakistan - Dynamics of Elitist Model

5. Strategies for Self-preservation

6. A military Theocracy

7. Different Regimes

8. Economic Development

9. Ethnic conflict

10. The Role of State

11. Emerging Economic and Political Issues and their Linkages

12. Regionalism

13. Poverty

14. Governance

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