University of Hertfordshire
International Development Manager, College Lane
M.A.- Institutional Economics, Pg. Dip.- Institutional Economics;Pg. Cert.- Institutional Economics
Institutional economics brings the study of key social institutions, such as the firm, the state, the market and the family - into the spotlight of analysis. There is a strong focus on such factors as the role of culture, custom and routines in economic behaviour and development. It addresses economic and institutional change, usually ignored by other approaches, and is thus an ideal analytical approach in a complex and rapidly changing world. Compulsory modules include insitutional and evolutionary economics, economics as realist social theory, paradigms in economics and economics methodology. Lecturers currently include Professor Geoff Hodgson, and invited guest lecturers include Dr Tony Lawson.