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Department of Economics and Finance
The application of economic tools and methodology to the study of public decision-making. Why do we have government? How can we aggregate individual preferences to make social choices? How might political institutions influence such aggregation? In addressing these questions, topics examined include: the emergence of government; the effects of legislative structures on outcomes; the role of interest groups as compared to that of the median voter; rent-seeking; bureaucracy; regulation; and the size and scope of government.