Tommasi & Ierulli Study Guide Pol S 270 Study Guide – POL S 270 Tommasi & Ierulli Text The following study guide is to be used in conjunction with the readings, lectures and section discussions. Their purpose is to facilitate the learning process, not substitute for it. Some of the terms and questions presented in this study guide will not be discussed directly in class; they can only be found in the readings. Also, some of the questions don’t have definitive answers but are presented to stimulate your thinking. Important Terms Define and identify the significance of each of the following terms: Gary Becker human capital market equilibrium interest groups surplus and scarcity The Process of Government(book) dead weight costs externalities “taste for discrimination” elasticity “efficient crimes” Down’s An Economic Theory of Democracyvoter ignorance rational ignorance political endorsements (“economics of”) opportunity cost religious human capital household commodities input substititution informational cascades localized conformity 1
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