Midterm Study Guide

Midterm Study Guide - Midterm Study Guide POSC 182 Day 2...

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Midterm Study Guide POSC 182 Day 2 Politics, Economy, Economic Policies Political Science Terms Country, State, Government, Regime Positive vs. Normative Economics Public vs. Private Markets How Price and Quantity are determined Law of Supply, Law of Demand Public Choice Theory Postulates Individuals as unit of analysis Rationality (Completeness, Transitivity, Continuity) Scarcity (Economic Good, Economic Bad) Individual pursue interests in either private or public market Efficiency vs. Equity Pareto Optimality Allocative Efficiency (P=MC) Fairness vs. Equality Day 3 Political Regime Types: Simplified definition Few: Autocracy Many: Democracy Democracy and Capitalism: Are they compatible? All four arguments Democracy vs. Authoritarianism: Which produces better policies? Macroeconomic Performance vs. Rents Malignant vs. Benign views of Democracy Institutions and Incentives Comprehensive Macroeconomic Management Documented and Secure Property Rights
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This note was uploaded on 02/03/2010 for the course POSC posc182 taught by Professor Fleg during the Winter '09 term at UC Riverside.

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Midterm Study Guide - Midterm Study Guide POSC 182 Day 2...

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