ECON 401

Collective Choice

Name: Collective Choice

Course Number: ECON 401

Credit(s): 3

Course Description

This course provides an introduction to significant formal approaches in rational choice theory, with a specific focus on collective choice theory. Students will explore the characteristics of processes that aggregate individual preferences into social preferences or establish a transparent criterion for collective choice within a society. The course will also delve into the examination of collective decision-making through voting mechanisms.

Learning Outcomes:

Acquire knowledge about the Collective Choice Rule.
Gain insights into the political economy of democratic nations.
Explore political institutions through a rational choice lens.
Analyze rational choice literature with a primary focus on legislatures, bureaucracies, courts, and elections.
Study institutions from both comparative and international perspectives.
Understand the fundamental assumptions of majoritarian decision-making.