Winter Intensive

Most political theorists agree that no society can be successful without the rule of law. But what is the rule of law and why does it matter? This module introduces the many elements of the rule of law and examines their importance for the various features of successful societies.  

This module explains market efficiency and the ways markets can go wrong. Students learn about the price mechanism, about market failures, such as asymmetric information and external costs, and about the difficulty of governmental power to improve on imperfect markets. 

Government policy is aimed at making the population better off. But what does this mean? Are people better off when they are richer, when they are happier, when they are more equal or when they are … what? This module explores the fundamental question of public policy.