Welcome

Introduction

Announcements

Zoom link for Political Economy of Institutions (15PECC020) 2024/25

Term 3 Revision

Recording of revision session for Political Economy of Institutions 2024/25 (Wed 23rd April 2025, 15:00, B203)

PowerPoint slides for Revision session - Exams Briefing Apr 2025

15PECC020-A24-25 Political Economy of Institutions MOCK EXAM 2025 01 29

Module overview

Module guide

Assessment and feedback

Assignment 1 (AS1) 2024/25

Political Economy of Institutions AS1 Essay topics and guidance

Past Essays (number in the title refers to grade received)

ECO-15PECC020-A24/25-Political Economy of Institutions-May24/25

Topic 1 [Term 1 Week 1]: Introduction: Institutions and Organizations: Transaction costs and Property rights (Oct 2nd, Satoshi Miyamura)

Powerpoint slides used for PEI 2024 Workshop 1 Institutions Organizations and Transaction Costs

Lecture Recording: Week 1

Acemoglu, D and J. Robinson (2008) The Role of Institutions in Growth and Development.

Marinescu C. (2014) Why Institutions Matter: From Economic Development to Development Economics

Kar et al (2017): Do economic institutions matter for growth episodes?

Khan, M (2007): Governance, Economic Growth and Development since the 1960s.

Acemoglu, Johnson and Robinson (2004) Institutions as the fundamental cause of long-run growth.

Alchian and Demsetz (1972) Production, Information Costs, and Economic Organization (copy)

Greif, and Kingston (2011) ‘Institutions: Rules or Equilibria?’

North, D. (1991). Institutions

Williamson, Oliver. 2000. The New Institutional Economics: Taking Stock and Looking Ahead

Topic 2 [Week 2]: Power, Conflict and Transition Costs (Oct 9th, Satoshi Miyamura)

Powerpoint slide used in Pre-recorded video (1) Institutional analysis of property rights

Powerpoint slides use in Pre-recorded video (2) Property rights and firms

Powerpoint slides used for PEI 2024 Workshop 2 Power Conflict and Transition Costs

Lecture Recording Week 2

Acemoglu and Robinson (2000) ‘Political Losers as a Barrier to Economic Development’.

Alchian and Demsetz (1972) Production, Information Costs, and Economic Organization

Coase (1960) The Problem of Social Cost

Coase (1937) The Nature of the Firm

Khan (2018) Institutions and Asia's Development: The Role of Norms and Organizational Power.

Khan (2018). ‘Political Settlements and the Analysis of Institutions’

North (1990) Institutions, Institutional Change and Economic Performance. Political Economy of Institutions and Decisions.

Olson (1971) The Logic of Collective Action: Public Goods and the Theory of Groups.

Bates (2001) Prosperity and Violence: The Political Economy of Development.

Brenner (1982) ‘The Agrarian Roots of European Capitalism’

Engerman and Sokoloff (2002) ‘Factor Endowments, Inequality, and Paths of Development Among New World Economics’.

Haber, Razo, and Maurer (2003) The Politics of Property Rights: Political Instability, Credible Commitments, and Economic Growth in Mexico, 1876–1929

Knight (1992). Institutions and Social Conflict. Political Economy of Institutions and Decisions. Chs. 2, 4 and 5.

North and Weingast (1989) ‘Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England’

Qian (2002) ‘How Reform Worked in China'

Simon (1983) Reason in Human Affairs

Topic 3 [Week 3]: Political settlements and institutions (Oct 16, Mushtaq Khan)

PEI 2024 Pre-Recording Lecture 3 Slides

PEI Lecture 3 Pre-Recording

PEI 2024 Lecture 3 Slides

Recording of Term 1 Week 3 Workshop

[Sections 1-7. ] Khan, Mushtaq H. 2010. Political Settlements and the Governance of Growth-Enhancing Institutions

Khan, M. H. (2018). Political Settlements and the Analysis of Institutions, African Affairs Volume 117 Issue 469

Khan, M. 2012. Beyond Good Governance: An Agenda for Developmental Governance, in Jomo K.S and Chowdhury A. (eds). Is Good Governance Good for Development?

DESA Governance Economic Growth and Development since 1960s

Khan, Mushtaq (2012) 'Governance and Growth: History, Ideology and Methods of Proof.' In: Noman, Akbar, Stiglitz, Joseph, et al (eds.), Good Growth and Governance in Africa: Rethinking Development Strategies

Rodrik, D. (2004) Getting institutions right. Harvard University Press, Cambridge, MA.

Khan, M. H. 2018. Institutions and Asia's Development: The Role of Norms and Organizational Power. WIDER Working Paper. Helsinki: UNU-WIDER.

Palermo, Giulio. 2007. Misconceptions of power: From Alchian and Demsetz to Bowles and Gintis, Capital and Class 31 (2): 147-85.

Putzel and Di John (2009) Political Settlements

Topic 4 [Term 1 Week 4]: Clientelism and economic development (Oct 23rd, Miguel Nino-Zarazua)

Why clientelistic politics matter for development prospects?

Lecture 4 slides (part 1)

Pre-recorded Lecture 4 (part 1)

Lecture 4 slides (part 2)

Topic 5: Rent, rent-seeking, technology and industrial policy (Oct 30, Mushtaq Khan)

PEI Pre-Recording Week 5

Presentation used in PEI 2024 Lecture 5 pre-recording

PEI 2024: Workshop 5 Recording

Presentation used in the PE of Institutions Lecture: Technology and Industrial Policy 2024

Readings on Rents and Rent Seeking (theory background covered in pre-session lecture)

Readings on Industrial and Technology Policies

Topic 6 [Week 7]: History matters: institutions from colonialism to capitalist transitions (Nov 13th, Satoshi Miyamura)

Term 1 Week 7 Pre-recorded video (1) Marx and Institutions: Capitalist transitions

Presentation used in Pre-recorded video (1) History and Marx

Term 1 Week 7 Pre-recorded video (2) From Colonialism to Capitalist transitions

Presentation used in Pre-recorded video (2) Colonial legacies

PEI Week 7: Workshop Recording

PEI Pre Session Lecture Topic 7 (Corruption & Anti Corruption) 2024