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GV3L6      Half Unit
The Political Economy of Inequality

This information is for the 2024/25 session.

Teacher responsible

Prof Valentino Larcinese

Availability

This course is available on the BSc in History and Politics, BSc in International Social and Public Policy with Politics, BSc in Philosophy, Politics and Economics, BSc in Philosophy, Politics and Economics (with a Year Abroad), BSc in Politics, BSc in Politics and Data Science, BSc in Politics and Economics, BSc in Politics and International Relations and BSc in Politics and Philosophy. This course is not available as an outside option nor to General Course students.

Pre-requisites

No particular prerequisites except familiarity with basic statistical concepts (at the level of ST108 or equivalent) and willingness to engage with quantitative research material.

Course content

The objective of this course is to provide an overview of the main theories, and related empirical evidence, regarding the determinants and consequences of the distribution of income and wealth. We will place a particular emphasis on the role played by political and institutional factors and the way inequality in material wealth shapes political influence, hence steering policy and institutions towards the creation and preservation of inequality. A central theme of the material covered in this course is the connection between economic and political inequality. We will draw on literature from political science, economic history and economics. We will cover the following topics:

- Inequality: key concepts and measurement

- Wealth and income inequality: evolution over time and across countries

- Explanations of economic inequality: XIX and XX century thinkers

- Inequality in the XXI century: globalization and technological change

- The political economy of redistribution

- Taxation, redistribution and the growth of the public sector

- Political institutions and welfare systems

- Political influence and political inequality: campaign finance

- Political influence and political inequality: mass media

- Inequality and populism

Teaching

10 hours of lectures and 13 hours and 30 minutes of classes in the AT.

Formative coursework

Students will be expe