Introduces students to the cornerstone institutions of modern developed societies: (i) property rights; (ii) organizations, both public and private; (iii) monetary and financial systems; (iv) political systems; (v) legal systems; and (vi) the cultural underpinnings of economic development. By focusing on how societies agree upon rules to facilitate mutually beneficial outcomes, the course provides a deeper understanding of the economic and legal foundations of democratic market economies. Given this focus on the rules of the game, the course also serves as a great preparation to law school, as well as an introduction to the type of thinking needed to succeed therein.
