The State and the Market: Core Concepts in Political Economy
Market regulations are a product of political processes (in a broad sense), and their effects influence the viability of both firms and other societal institutions. Ensuring good regulation is therefore in society's interest.
This course provides students with an introduction to the concepts at the core of political economy in general, in terms of institutions, policymaking, and market regulation. It focuses on business and politics at the national level. The course covers several fundamental core concepts in political economy relating to the operation of the state and the market. The central themes include political and market institutions, the rationale for market regulation and public services, decision making and resource allocation, and the deliverance of public and private goods.
- Introduction to political economy and the state-market relationship
- Market failures, state failures and the supply of public, private and strategic goods
- Political and market institutions, decision-making, lobbying, and public choice analysis
- Institutional, network and governance analyses of the policy process
- The relationship between states and markets, democracy and capitalism, accountability and efficiency, sustainability and economic growth.
This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.