Cours 2017-2018

Political economics : Explaining Public Policies [ECONM904]

  • 5 crédits
  • 30h
  • 2e quadrimestre
Langue d'enseignement: Anglais / English

Acquis d'apprentissage

The main objective of the course is to introduce the students to the modern models of political economics (i.e., economic models of the formation of policies), both from theoretical and empirical standpoint.


The first part of the course covers theoretical models of policy formation in democratic societies and empirical tests of competing theories. The second part covers the applications of these models to explain existing variations in government size, labour market institutions, international trade, and environmental policy.

Table des matières

Lecture 1. General Introduction Part I. Building Blocks Lectures 2-3. Electoral competition without political rents Lecture 4. Electoral competition with political rents Lecture 5. Lobbying Lecture 6. Legislative Bargaining Lecture 7. Bureaucracy Part II. Applications to specific policies Lecture 8. Government size 1: Basic model Lecture 9. Government size 2: Multiple equilibria Lecture 10. Labor market institutions 1: Unemployment insurance. Lecture 11. Labor market institutions 2: Labor Market Regulations. Lecture 12. International trade. Lecture 13. Environmental policy

Description des exercices


Méthodes d'enseignement

[Cours donné en anglais] The course consists of 13 lectures, which cover both theoretical models and empirical applications. Students are invited to actively participate at the discussions of models and their applicability to real-life economic policy-making during the lectures.

Mode d'évaluation

The final exam for the course is a two-hour closed-book final examination. It consists of 4 questions (2 theoretical and 2 empirical), each carrying 25% of the final grade.

Sources, références et supports éventuels

T. Persson and G. Tabellini, Political Economics: Explaining Economic Policy, Cambridge, MA: MIT Press, 2000. The list of empirical papers will be distributed during the 1st lecture.

Langue d'enseignement

Anglais / English

Lieu de l'activité


Faculté organisatrice

Faculté des sciences économiques, sociales et de gestion
Rue de Bruxelles, 61
5000 NAMUR


Etudes de 2ème cycle