Public Choice Theory

Teaching results

Knowledge
The aim of the course is to provide students with a comprehensive view and knowledge of the functioning of democratic political systems and of the public sector in contemporary societies and the existing mechanisms of resource allocation in the public sector. The public choice approach is based on the use of standard microeconomic (neoclassical) theory.
Competencies and skills
After having completed the course, students will be able to apply methodological and contextual approach of public choice theory and methodology of the new institutional economics in selected relevant contexts. They will be able to apply it to the analysis of processes taking place in current democratic societies, and address the issues related to resource allocation in the public sector so as to increase its efficiency.
The students will be able to identify the possibilities for using the public choice approach in analysis of public economics problems and management of public sector institutions.
The course will also develop presentation and communication skills of students, their experience with the preparation of academic papers as well as their ability to work in a team.