POLS 6308 POLITICAL ECONOMY
Fall Semester AY2002-2003
29 October 2002
Instructions: Choose any 2 of the following 3 Questions to answer. Each answer
must be typed in WORD and be less than five double-spaced pages. The answers
are due at the beginning of class 5 November 2002.
- Relate the argument made by Satz and Ferejohn to the various pathologies
of Expected Utility Theory. Does the Satz and Ferejohn framework suggest
a direction that we
could take that would resolve these pathologies?
- Within the context of rational choice theory, what are the key differences
between the study of economics and the study of politics. What is the
significance of spatial theory in this context?
- Discuss the significance of the Arrow, May, and Gibbard-Satterwaite
theorems for the study of political institutions.