The Theory of Institutions

ECS546 The Theory of Institutions

  • Topics

    Topics

    Behavioral game theory

    Social norms

    Culture

    Coordination and authority

    Institutional change

    Leadership

    Contracting

    Incomplete contracts

  • Learning outcome

    Learning outcome

    The objective is to set forth a coherent conceptual framework for the analysis of institutions (social rules) ¿ ranging from laws and norms to the rules that govern behavior in organizations. The framework integrates the methodological individualism of economics with central group-level concepts of sociology.

    The intended learning outcome is an ability to apply (behavioral) game theory to analyze important social institutions, thereby formalizing, unifying, and extending hitherto informal and fragmented bodies of knowledge. Eventually, these analytical skills will also allow the student to weigh in on debates concerning feasible and fruitful avenues for institutional change in organizations as well as in society at large.

  • Teaching

    Teaching

    Lectures, + one day of discussing term papers, a month later.

  • Required prerequisites

    Required prerequisites

    Some prior knowledge of microeconomics and game theory will be useful.

  • Requirements for course approval

    Requirements for course approval

    Term paper, solo or joint.

  • Assessment

    Assessment

    Term paper  

  • Grading Scale

    Grading Scale

    (pass/fail)

  • Computer tools

    Computer tools

    None

  • Semester

    Semester

    Spring 2014: 5-9 May

  • Literature

    Literature

    Lecture notes + articles

Overview

ECTS Credits
5
Teaching language
English
Semester
Spring

Course responsible

Tore Ellingsen, Stockholm School of Economics and NHH