20546 - SOCIOLOGICAL RESEARCH & INSTITUTIONS AND ECONOMIC OUTCOMES
Course taught in English
Go to class group/s: 31
- First Block - Political Science and Rational Choice (Instructor: Massimo Morelli):
All these three broad questions are addressed making use of simple game theory logic and relying on a mixture of textbook chapters and a few articles. Empirical results in the literature on the various questions are mentioned, but no new empirical techniques are learned in this course.
- Second Block - Institutions and economic outcomes (Instructor: Carlo Devillanova):
The first part of lectures discusses the conventional theoretical framework used to identify growth-enhancing institutions. It also presents recent empirical evidence on the causal effect of institutions on long-term development. The second part of lectures offers a broad overview of alternative approaches to study the relationship between institutions and economic outcomes. The main goal is to highlight the variety of available methods and theories, which often deliver very different policy prescriptions on how to shape economically efficient institutions. The relationship between institutions, inequality and macroeconomic outcomes is also addressed. Finally, the last part covers some new developments of macroeconomic modelling, which help to reconcile the different approaches/conclusions surveyed in the first two blocks of the course.
- BLOCK 1: The material for the exam includes lecture slides and the readings marked with an asterisk. The other readings are non-compulsory (except for parts that may be included in the slides). All slides and readings, including the book chapters, will be available as .pdf through the e-learning space.
- BLOCK 2: Most of the course is based on articles from scientific journals and working papers. The compulsory readings will be provided at the beginning of the course. A set of slides and lecture notes will be uploaded before class and are compulsory material for the exam. The slides will also offer an extended, optional reading list.