Normative Aspects of Institutional Economics in Policy Making

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Description

This exam evaluates candidates' understanding of normative aspects in institutional economics related to policy-making. Focus will be on ethical considerations and their implications for economic systems.

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Exam Details

Duration: 40 minutes

Prerequisites: Institutional Economics, Ethics in Economics, Political Economy, Public Policy Analysis

Key Topics

  • Normative Economics
  • Institutional Policy
  • Ethical Considerations
  • Policy Implications

Learning Outcomes

  • Discuss Normative Theories
  • Analyze Ethical Implications
  • Articulate Policy Outcomes

Full Description

This exam examines the normative aspects of institutional economics as they pertain to economic policy-making. Candidates will engage with how ethical considerations and theoretical frameworks inform policymaking processes.

The significance of this topic lies in its ability to bridge the gap between theory and practice. Normative principles guide the foundation of effective economic policies and institutional frameworks, fostering equitable outcomes.

The examination will test candidates on their ability to articulate normative theories and the implications of these theories for real-world economic policy.

Case studies highlighting the role of normative considerations in institutional reforms will provide further context for discussion.

Sample Questions

  • How do ethical considerations shape the theory and practice of institutional economics?
  • What implications do normative theories have for effective policy-making in economics?

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