Dr Michael Callen 32L.3.18

This course is available to General Course ‘Spring Semester’ students.

This course makes use of key concepts in economic theory as well as econometric analysis. We welcome all students with a strong background and proven record in quantitative courses such as econometrics, statistics, microeconomics, mathematics, other advanced economics courses. The ability to interpret basic econometric estimates is essential.

The course seeks to introduce students to the major theoretical models of Political Economy and the available empirical evidence. Sample topics to be covered include: Political agency models; bureaucracy; the political economy of transfers, public good provision, and reform; state capacity; the dynamics of political institutions, democracy versus autocracy.

15 hours of lectures and 10 hours of classes in the LT.

This course is delivered through a combination of classes and lectures totalling a minimum of 25 hours across the Lent Term. This year, some or all of this teaching will be delivered through a combination of virtual classes, live streamed (recorded) lectures, and some flipped content delivered as short online videos.

Two pieces of written work will be handed in and assessed by class teachers.

There is no text book covering all the material in the course. The following book is recommended as a supplement to what is covered in the lectures:



• Besley, Tim. 2006. Principled Agents? The Political Economy of Good Government. Oxford University Press.

For additional readings see: http://econ.lse.ac.uk/courses/ec302/

Exam (80%, duration: 1 hour and 30 minutes, reading time: 15 minutes) in the summer exam period.
Group project (20%) in the LT.

In the LT students will be assessed by a group project, consisting of an essay of no more than 3000 words, and a 20-minute presentation on the essay topic - 10 minutes to present the main ideas and 10 minutes of Q&A. All students will be expected to contribute to both the essay and the presentation, including providing responses during the Q&A. Students will work in groups of no more than 5. Groups will be assigned by the class teacher.