Prof Maitreesh Ghatak

This course is compulsory on the BSc in Philosophy, Politics and Economics. This course is not available as an outside option nor to General Course students.

This course is only available to second year students on the BSc in Philosophy, Politics and Economics. The course will run from the beginning of Lent Term in year 2 and will continue as EC340 through to the end of Lent Term in year 3.

The course will include lectures given by top researchers from inside and outside LSE, including researchers from the public, private and third sector. The lectures will expose the students to research on the frontier in topics such as public economics, political economy and decision making in the public domain. This research and background reading will then be discussed in seminars.

7 hours and 30 minutes of lectures and 5 hours of seminars in the LT.

The course will run across three terms starting at the beginning of Lent term in year 2 of the PPE and continuing in Michaelmas and Lent term of year 3 of the PPE. Each term will consist of a series of biweekly lectures (5 x 90mins) and seminars (5 x 60mins).

Lectures will be given by outside speakers on a specific topic, such as inequality, and will allow for the opportunity to interact and ask questions. Depending on the availability of the speaker, there may be the opportunity for further discussion at an informal social event after the lecture.  The seminars will discuss the previous lecture as well as examining background reading related to the topic.

Students will be expected to produce 1 essay and 1 presentation in the LT.

Students will write a 2,500 word essays in groups in the LT of year 2 and MT of year 3 to prepare them for the individual assessment of year 3. In addition, students will discuss and present current research. Feedback on these essays and the presentation will help prepare students for the final individual essay and presentation.

Acemoglu, Daron and James Robinson, Why Nations Fail, Crown Books, 2012;

Besley, Timothy and Torsten Persson, Pillars of Prosperity: The Political Economics of Development Clusters, Princeton University Press, 2011 (will be used as the core text book, and students will be asked to familiarise themselves with the core modelling framework developed in the book);

Banerjee, Abhijit and Esther Duflo, Poor Economics, Random House, 2011;

Bowles, Samuel, The Moral Economy - Why Good Incentives are No Substitute for Good Citizens, Yale University Press, 2016;

Fukuyama, Francis, The Origins of Political Order, Profile Books, 2011;

Moore, Barrington, Social Origins of Dictatorship and Democracy, Beacon Press, 1966;

North, Douglass, John Wallis and Barry Weingast, Violence and Social Orders, Cambridge University Press, 2009;

Piketty, Thomas, Capital in the 21st Century, Harvard University Press, 2014;

Rodrik, Dani, Economics Rules, OUP 2015;

Sandel, Michael, What Money Cannot Buy - The Moral Limits of Markets, Allen Lane, 2012;

Sandel, Michael, Justice- What's the Right Thing to Do, Allen Lane, 2009;

Satz, Debra, Why Some Things Should Not be For Sale - The Moral Limits of Markets, OUP, 2010;

Sen, Amartya, The Idea of Justice, Allen Lane, 2009.

An extensive list of required and further readings will be available on Moodle.

This information is for students in the first year of the PPE Interdisciplinary Research Seminar. Second year students please refer to the EC340 course guide.

Students will be assessed throughout the course, through essays, presentations and class participation. There will be one essay and one presentation per term in MT and LT of the third year of the PPE.

The final summative grade will weigh together the presentations (20%), essays (70%) and class participation (10%) from all three terms (the essays will be weighted 15%, 15% and 40%, respectively).

The overall grade the students will receive will be one of four: fail, pass, merit and distinction.