Fall 2013 — MW 10:00-12:00
The course covers the primary results in preference aggregation and applies them to models of elections and policy-making. The focus of the course is especially on dynamic models of politics. We begin by studying Arrow's theorem and majority voting, we review the workhorse models of elections in the political economy literature, and we use these models to study taxation and inequality, interest groups and lobbying, etc. In the second part of the course, we extend the analysis to repeated elections and electoral accountability. We cover the literature on political agency with moral hazard and adverse selection. The course will consist of a mix of lectures, discussion, and student presentation of assigned readings.