The course “Institutional Economics” analyses the basic principles of this school of economic thought, which examines the economy in the light of the evolution of the institutions that govern its operation. It then outlines the impact of the evolutionary process of institutions on the managerial and investment function of firms, on the consumption behaviour of individuals and on the stability of the macroeconomic and financial system.
The topics to be covered include the following:
- The evolution of the capital
- The evolution of capital formation and the evolution of the capital stock
- Financial speculation
- Vested interest and policies to manipulate intangible capital
- Credit cycles