EE 448 Selected Topics in Public Economics: Public Choice

EE 448 Syllabus -- Fall 2008

EE 448 Syllabus -- Fall 2009

EE 448 Syllabus -- Fall 2010


New Content added Wednesday, December 8th, 7:30 p.m.

August 10 Notes Week I: Public Choice, and the Virginia School of Economics
Buchanan, James: "Public Choice: The Origins and Development of a Research Program

August 18, 20 Notes Week II: Pigovian Taxes, PD Games, Externalities, the Coase Theorem
Coase, Ronald H: "The Problem of Social Cost"

August 25, 27 Notes Week III: Allocation vs. Distribution, Buchanan/Tullock model - The Optimal Voting Rule

Sept 1, 3 Notes Week IV: The Median Voter Model
Congleton, Roger: The Median Voter Model

Sept 8, 10 Notes Week V: The Median Voter Model: Cycling, Asymmetry, Agenda Setters,
The Median Voter Model: Utility asymmetry, Information Asymmetry, Pork

Sept 15, 17 Notes Week VI: Voting Rules, Money and Incumbency

Sept 22, 24 Notes Week VII: Exit and the theory of the Club

September 29, Midterm

Oct 6, 8 Notes Week VIII Rent Seeking

Oct 13, 15 Notes Week IX Rent Seeking, Distributive Coalitions

Oct 20, 22 Notes Week X REVISED VERSION -- The Niskanen Bureaucracy

Oct 27, 29 Notes Week XI REVISED VERSION -- Dictatorship
Students interested in the source material can go to Olsen, Mancur and Martin McGuire: The Economics of Autocracy and Majority Rule
The intuition is pretty straightforward, note the simple math model is not

Nov 3, 5 Notes Week XII Social Welfare Functions

Nov 10, 12 Notes Week XIII The Growth of Government, REVISED VERSION -- Leviathan

Nov 17, 19 Notes Week XIV The political business cycle

Nov 24, 26 Notes Week XV Constitutional Economics

Dec 1, Review for Final Exam

Dec 13, Midterm Exam




Last Modified; December 11, 2010