PIA 2310 - MARKETS AND STATES

Minimum Credits: 3
Maximum Credits: 3
Markets and States considers how governance explains why some countries are rich and others are poor. In the context of this course, “governance” refers to the formal and informal rules that liberate and constrain individuals and groups in their efforts to improve their economic situation. The course begins by considering the economic foundations of prosperity, including the role of competitive markets, private property rights, and foreign aid in the process of economic development. It then considers the role of the state in economic development, with emphasis on analysis of the political factors that create incentives for governments to do what is in society’s best interests. Its empirical focus is on developing countries, but will also consider some examples of the political economy of development in the U.S., including when the U.S. was a developing country. The course will also focus on evaluation of development policies, including understanding the logic of randomized impact evaluations and other methods used to analyze the causal impact of public policies seeking to improve prospects for economic development. The course is relevant for students in international development, public administration, and international affairs.
Academic Career: Graduate
Course Component: Lecture
Grade Component: Grad Letter Grade
Course Requirements: Graduate School of Public and International Affairs students only.
Course Attributes: Global Studies, Russian & East European Studies, West European Studies

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