- Docente: Carmine Guerriero
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
-
Corso:
Second cycle degree programme (LM) in
Politics Administration and Organization (cod. 8784)
Also valid for Second cycle degree programme (LM) in Local and Global Development (cod. 9200)
Learning outcomes
The course introduces students to the basic principles of the economics. Topics include the basics of how markets function, of how economic agents behave, and of macroeconomic analysis. These topics will be related to examples from the real world and current economic events. At the end of the course students are expected to have acquired the knowledge necessary for more advanced economics courses, and to understand and critically evaluate economic and public policy debates.
Course contents
Inclusive Political Institutions and the Economy: Stylized Facts
- North et al. (2009), chapters 1-4.
- Acemoglu, Daron, Suresh Naidu, Pascual Restrepo, and James A. Robinson. 2018. "Democracy Does Cause Growth." Forthcoming, Journal of Political Economy.
- Guiso, Luigi, Paola Sapienza, Luigi Zingales. 2016. "Long-term Persistence." Journal of the European Economic Association, 14: 1401-1436.
- Acemoglu, Daron, and Simon Johnson. 2004. "Unbundling Institutions." Journal of Political Economy, 113: 949-995.
Micro-Mechanisms: Political Order and Cooperation
- North et al. (2009), chapters 5-6.
- Fleck, Robert K., and F. Andrew Hanssen. 2006. "The Origins of Democracy: a Model with Application to Ancient Greece." Journal of Law and Economics, 49: 115-146.
- Boranbay, Serra, and Carmine Guerriero. 2017. https://sites.google.com/site/carmineguerrieroshomepage/home/research-1 "Endogenous (In)Formal Institutions." Unpublished.
- Guerriero, Carmine. 2018a. "Endogenous Institutions and Economic Outcomes." https://sites.google.com/site/carmineguerrieroshomepage/home/research-1
Micro-Mechanisms: Political Order and Property Rights
- Coase, Ronald H. 1960. "The Problem of Social Cost." Journal of Law and Economics, 3: 1-44.
- Besley, Timothy, and Maitreesh Ghatak. 2010. "Property Rights and Economic Development." In Handbook of Development Economics, Vol. V. Mark Rosenzweig and Dani Rodrik, eds. Amsterdam: Elsevier, 4525-4589.
- Calabresi, Guido, and Melamed, A. Douglas. 1972. "Property Rules, Liability Rules and Inalienability: One View of the Cathedral." Harvard Law Review, 85: 1089-1128
- Guerriero, Carmine. 2018b. "Property Rights, Transaction Costs, and the Limits of the Market." https://sites.google.com/site/carmineguerrieroshomepage/home/research-1
Micro-Mechanisms: Political Order and Regulation
- La Porta, Rafael, Florencio Lopez-de-Silanes, and Andrei Shleifer. 2008. "The Economic Consequences of Legal Origins." Journal of Economic Literature, 46: 285-332.
- Guerriero, Carmine. 2016a. "Endogenous Legal Traditions."International Review of Law and Economics, 46: 49-69.
- Guerriero, Carmine. 2016b. "Endogenous Legal Traditions and Economic Outcomes." Journal of Comparative Economics, 44: 416-433.
Readings/Bibliography
- North, Douglass C., John Joseph Wallis, and Barry R. Weingast. 2009. Violence and Social Orders: A Conceptual Framework for Understanding Recorded Human History. Cambridge: Cambridge University Press.
- Various papers (see course contents).
Teaching methods
Taught classes.
Assessment methods
Final written exam.
Teaching tools
Slides available from https://sites.google.com/site/carmineguerrieroshomepage/home/teaching/-home-teaching-Ec_Istituzioni
Links to further information
Office hours
See the website of Carmine Guerriero