ECON 1009Y(1) - INTRODUCTION TO ECONOMIC INSTITUTION AND POLICY
Historical Development and Role of Institutions in Fostering Market Efficiency and Allocation of Resources; Institutions and Regulation of the Labour Market. Political and Market Solutions to Collective Problems. Contract Enforcement and Trading Issues; Property Rights in Land, Environmental Resources, Economic Infrastructure. The Public Policy Process; Issues Affecting Policy Success and Policy Failure. Political Economy of Public Policy; Public Policy as a Sustainable Option.