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Crawford School of Public Policy · ANU College of Law, Governance and Policy
This course is available for on-campus & remote (online) learning. All students participate in interactive, real-time classes. The key concerns of this course are to understand how institutions evolve in response to changes in incentives and how institutions affect economic performance over time. The course introduces the essential theories of institutional economics and the key methods applied in the field, explores historical and empirical evidence in institutional economics, explores how individuals, firms, and states respond to changes in institutions, and analyses the role of institutions in influencing economic performance and transition. The course will apply case study methods that rely on institutional theories, contextual knowledge of the situation and history, and context-specific modelling.
Written assignment (maximum 1,000 words)
Learning outcomes 1, 2, 3, 4, 5
Research essay (maximum 3,000 words)
Learning outcomes 1, 2, 3, 4, 5
Final exam
Learning outcomes 1, 2, 3, 4
The standard workload for a 6 unit course is 130 hours including class time and independent study. Other Information A list of essay topics will be provided at the beginning of the semester. Students are welcome to choose their own topic in consultation with the course convener.
North, Douglass, C., 1990, Institutions, Institutional Change and Economic Performance, Cambridge University Press: Cambridge. Preliminary Reading The course material will also draw on the following books: - North, Douglass C., 2005, Understanding the Process of Economic Change, Princeton University Press - Greif, Avner, 2006, Institutions and the Path to the Modern Economy, Cambridge University Press: Cambridge - Menard, Claude (ed.), 2000, Institutions, Contracts and Organizations, Edward Elgar: Cheltenham - Eggertsson, Trainn, 1990, Economic Behaviour and Institutions, Cambridge University Press: Cambridge. - Kasper, Wolfgang and Manfred E. Streit, 1998, Institutional Economics: Social Order and Public Policy, Edward Elgar: Cheltenham. A full list of readings will be available on the Wattle course site.