Political Economics

Course content

The course provides a broad overview of modern political economics. It deals with the interaction of politics and economics, using formal models to understand the implications for economic policy of various political settings and institutions. The course relates the theoretical predictions to real world examples and systematic empirical findings.

The course covers the following topics:

  • Electoral competition and voter behavior

  • Partisan politics and political agency

  • Redistributive aspects of politics

  • Legislative bargaining

  • Impact of different political institutions on economic policy

  • Sources of differences in political preferences

  • Politics and the media

  • Money and political influence

  • Violence and political conflict
Education

MSc programme in Economics – elective course

Learning outcome

After completing the course, the student:

Knowledge:

  • must have acquired knowledge about the basic and more advanced theoretical models of different aspects of political-economic process as well as methods and results of empirical assessment of these models.
  • must have acquired knowledge about the tools of modeling as well as empirical methods and results within the topics listed under the course content above.

 

Skills:

  • should be able to apply methods and results from the list of topics above, to analyze variations and extensions of these and closely related topics within political economics.
  • should be able to critically discuss the underlying assumptions and methods within these topics and their impact on the analytical results.

 

Competencies:

  • should be able to discuss the topics of the course within both a national and international practical and empirical context at the level corresponding to that presented in class.

The course consists of 2 hours of classes (lectures) every week and 2x2 hours every second week for 14 weeks.

The main text for the course is the textbook “Political Economics” by Persson and Tabellini, 2002, ISBN no. 9780262661317.

Supplemented by selected journal articles and lecture notes/slides.

For the econometric methods introduced in the course we will use chapters from the textbook “Mostly Harmless Econometrics: An Empiricist’s Companion” by Joshua D. Angrist and Jörn-Steffen Pischke, 2009, ISBN no. 978-0691120355.

Public Finance introduces some of the topics covered in the course, but is not a prerequisite. Some familiarity with basic game theoretical concepts (e.g. Nash equilibrium, subgame perfect equilibrium) and econometric techniques (e.g. OLS regression, IV estimation) is required. More advanced econometric techniques are introduced during the course but familiarity with these is not a prerequisite.

Timetable and venue:
To see the time and location of classroom please press the link under "Se skema" (See schedule) at the right side of this page (16E means Autumn 2016).

You can find the similar information partly in English at
https:/​/​skema.ku.dk/​ku1617/​uk/​module.htm
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E16; [Name of course]””
-Select Report Type: List
-Select Period: “Efterrår/Autumn – Weeks 30-3”
Press: “ View Timetable”

ECTS
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
Individual written closed-book exam at the computers of Copenhagen University.
The exam assignment is given in English and must be answered in English.
Aid
Without aids
Marking scale
7-point grading scale
Censorship form
External censorship
100 % censorship
Criteria for exam assessment

Students are assessed on the extent to which they master the learning outcome for the course.

To receive the top grade, the student must be able to demonstrate in an excellent manner that he or she has acquired and can make use of the knowledge, skills and competencies listed in the learning outcomes.

Specifically, the student must demonstrate

Knowledge
1) knowledge of the methods and results within the topics covered in the course

Skills
2) the ability to apply these methods to analyze variations and extensions of these and closely related topics within political economics
3) the ability to critically discuss assumptions and methods used within these topics

Competencies
4) the ability to discuss the topics of the course within both a national and international practical and empirical context at the level corresponding to that presented in class.

Single subject courses (day)

  • Category
  • Hours
  • Lectures
  • 42
  • Preparation
  • 161
  • Exam
  • 3
  • English
  • 206