This class deals with the role of different institutions across countries and its impact on the size and composition of government activity, both from a theoretical and empirical viewpoint. We analyze how institutions and economic outcomes change over time as the world globalizes. At the beginning of the class students are introduced to the major political economy approaches used to study the above topics.
Prerequisites: This is an elective course in the Diploma degree programme (the Diploma degree is comparable to a Master's degree). For students enrolled in the Diploma programme prerequisites are Vordiplom and Finanzwissenschaft II. All other students who want to take this class need to have graduate level course experience, preferably in Economics or quantitative Political Science.