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Instructors: Prof. Dr. Hans-Jörg Schmidt-Trenz
Event type:
Lecture
Displayed in timetable as:
Hours per week:
1
Credits:
3,0
Language of instruction:
German
Min. | Max. participants:
- | -
Comments/contents:
The lectures on Institutional Economics aim to teach the basics of the economic analysis of law and institutions. That refers to their origin, their mode of operation and the question, how we reach efficient and incentive compatible results by the help of rules and institutions. The lecture makes use of ideas of the New Political Economy, the Economic Analysis of Law and Transaction Cost Economics. They all together form what here is called Instutional Economics. The basic literature stems from F. A. v. Hayek, James M. Buchanan and O. E. Wiilliamson. The lecture uses heavily game theoretic methods.
The lecture on Institutional Economics I starts with the theory of anarchy and is focused to the basic law and the state as its guardian in his double function as protective state and as productive state. Doing so, the lecture on Institutional Economics I deals somehow with the so called "exterior institutions".
In order to get a full view on the questions related to Institutional Economics it is strongly recommended to visit also the lecture on Institutional Economics II.
Didactic concept:
The lecture will take place as a block course in presence. There will also be an online discussion round via Zoom. The access data for the discussion round can be found under "Material for the course".
Additional examination information:
TAKE-HOME EXAM:
Time to process the exam: 60 min
Time frame in which the exam can be completed: 90 min
First exam: 7 February 2023, 9:00 am-10:30 am
Second exam: 22 March 2023, 12:15 pm-1:45 pm
Bitte beachten Sie die Informationen der/des Prüfenden zur Ausgabe und Abgabe der Prüfungsaufgaben.
The examiner of your course will provide information about the hand out of examination tasks / assignments and their submission.
There will be a written exam of 60 minutes. 2 out of three questions (each with 30 points) will have to be dealt with. The exam focusses on understanding not repeatiing. If there are any questions related to the exams (no solutions provided :)), here is my email: hjst@st-advice.de.
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