ECON 220 Political Economy I

Positive and normative theories of political economy. Positive topics include direct democracy, electoral competition, legislative policy making, agenda setting, lobbying, comparative constitutions, and intergenerational politics, with applications to income taxation, redistribution, and the size of government. Normative topics include social choice theory with and without interpersonal comparisons, Pareto efficiency with public goods, potential Pareto improvements, welfare measurement, cost benefit analysis, and analysis of economic policy reform.

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