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A special focus will be devoted to studying the role of institutions in supporting economic development. Course Administration. Lectures: Monday and Friday 11:Combining the best of three separate traditions--the theory of macroeconomic policy, public choice, and rational choice in political science--Torsten Persson Michael P. Clements and David F. Hendry. Political Economics: Explaining Economic Policy. Torsten Persson and Guido Tabellini Torsten Persson and Guido Tabellini (2000) "Political Economics", MIT Press. Daron Acemoglu and James Robinson (2005) “Economic Origins of Dictatorship and.

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