Dive into the complex world of political economy, where economics meet politics to shape public policies and national welfare. Understand different systems like capitalism, socialism, and communism and how they function in the real world.
Explore the concept of regulatory capture, where regulatory agencies are dominated by the industries they regulate, potentially compromising the public interest.
Explore the concept of social justice, its historical roots, key components, and its impact on society. Learn about the distribution of resources, opportunities, and privileges for fostering a fair community.
Explore the concept of the Tragedy of the Commons, an economic theory that illustrates the conflict between individual interest and collective good in resource consumption.
Explore the realm of welfare economics, a key area in economic study that assesses how resource distribution impacts societal well-being and guides effective public policy.
Dive into the study of Happiness Economics to explore how individual satisfaction relates to employment, wealth, and overall quality of life. Discover how this academic approach uses surveys and indices to enhance public policies.