ANNEXURE-I

Institutional Analysis
Course Code Institutional Economics (MPhil)
Semester Fall 2024
Cr. Hrs. 3
Section (s) A

Instructor Contact Information

Instructor Dr. Aribah Aslam
Email [email protected]
Cell No. 0334-2725903
Zoom ID N/A
Office Faculty Hall- 3rd Floor EE1 Building
i) The teacher will be available during the office hours for student consultation as per the following
schedule:
Student
Mon: 9:00-10:00 PM
Consultation
Tue & Wed: 9:00-10 PM,
Hours
Sunday: 4-5 pm

Class Details (subject to change)

Class Class
Section Class Title Days & Times Class Dates
Type Room Location

Section A Lecture All

Sunday 9:30- 308A
12:30

i) Please use email rather than telephone voice mail for messages.
ii) Please keep emails short and focused, and use a clear subject line beginning with "COMP 110
Question".
Communication
iii) Instructor will generally respond within 24 hours (during the academic days).
with Instructor
iv) Always include your name, course, and UOL email address in your messages to instructor.
If you send an email from some address other than uol email address like [email protected];
instructor would not be able to recognize that you are a student of University.
PreRequisites (Note: Instructor should define it in coordination with HOD/Faculty Committee)

Prerequisites: None
Corequisite None

Medium of Instruction

Instructor will deliver class lectures, conduct discussions and engage in all academic activities exclusively in
Medium of
English. Moreover, the students are required to use English as mode of communication for class room
Instruction
discussions, group discussions, vivas/presentations, group projects etc.

Course Material Availability on SLATE/LMS:

I will use LMS/Slate to keep in touch with my classes. In-class discussion problems, homework solutions
and supplemental materials, and scores for exams, attendance, and assignments will be posted to LMS/SAP.
You should be certain that you are able to log in to LMS/SAP, and that you check the class page on LMS
SLATE/LMS and your University email account regularly.

Course material is available on LMS: https://slate.uol.edu.pk/login/index.php

Grades will be posted on LMS/SAP: https://slate.uol.edu.pk/login/index.php

Required Text

D. Douglass North: Understanding the Process of Economic Change. J Evol Econ 17, 361–363
Text Book 1
(2007). https://doi.org/10.1007/s00191-006-0033-5
Why Nations Fail" by Acemoglu and Robinson in APA format (7th edition): Acemoglu, D., &
Text Book 2
Robinson, J. A. (2012). Why nations fail. Profile Books.
Other
Material

Software/ Other Tools/Resources

You must install the Stata (any version) and an editor to do data analysis for the class.
If you don't have a preference, then I suggest you to download it free from getintopc.com

Stata For the IDK, go to: https://getintopc.com/

Goals: (Note: Instructor should define it in coordination with HOD/Faculty Committee)

Sr.
Goals
No
 Understand Key Concepts in Institutional Economics: Equip students with the ability to comprehend the
1
foundational ideas of institutional economics, including property rights, norms, and contracts.
 Analyze Institutional Development and Impact: Develop the skills to examine how institutions emerge, evolve, and
2
influence economic behavior, resource usage, and market dynamics.
3  Critically Engage with Scholarly Literature: Enable students to critically analyze contemporary and classic works
 from leading economists in institutional economics, such as Hayek, North, Ostrom, and Williamson.
 Apply Economic Concepts to Real-World Institutions: Train students to apply theoretical concepts of institutional
4
economics to real-world scenarios, analyzing how rules and customs shape economic activities and decision-making.
 Contribute to Academic Research: Guide students in producing original research, with the aim of contributing
5 scholarly work to the field of institutional economics. This includes developing and refining paper proposals and
writing substantial research papers.
 Enhance Communication and Presentation Skills: Foster the ability to communicate complex institutional
6
economics concepts through class discussions, short paper presentations, and conference-style pitches.
 Collaborate in Joint Inquiry: Promote an environment of collaborative learning and inquiry, where students and the
7 professor jointly explore the intricacies of institutional economics rather than relying on top-down knowledge
transfer.

Course Objectives: (Note: Instructor should define it in coordination with HOD/Faculty Committee)

Sr.
Objectives
No
1  Understand Core Concepts of Institutional Economics: Grasp foundational ideas such as property rights,
transaction costs, and social norms, and how they shape economic behavior and resource allocation.
2  Analyze the Formation and Impact of Institutions: Critically evaluate how institutions evolve, the role they play in
economic systems, and their effects on markets, organizations, and governance structures.
3  Apply Theoretical Frameworks: Utilize key theories and approaches from institutional economics to analyze real-
world issues, integrating concepts from economic sociology, history, and public choice theory.
4  Develop Original Research Ideas: Identify gaps in the literature and propose innovative research questions related
to institutional economics, leading to the creation of scholarly papers.
5  Engage in Scholarly Discussion and Debate: Participate actively in class discussions, presentations, and peer
reviews, contributing to joint inquiry into the role of institutions in economics.
6  Critique and Interpret Academic Literature: Read and critically assess both classic and contemporary works by
major scholars in institutional economics, with a focus on their contributions to the field.
7  Produce Scholarly Writing: Develop, write, and revise a research paper that makes a meaningful contribution to the
field of institutional economics, demonstrating both theoretical and practical insights.

COURSE REQUIREMENTS (Subject to Change)

The course is offered after Basic courses of Macroeconomics, Microeconomics and Econometrics.

A. Class Attendance:
You are expected to attend class and participate by asking questions, answering questions and contributing to topical
discussions. You are expected to arrive prior to the beginning of class. Class members will be randomly selected to answer
questions and/or help with the solution of exercises.
If you do miss a class, it is your responsibility to ensure that you understand the material covered and the announcements made
in the class you missed. You may not use office hours to have the professor explain the material if you missed the class when it
was discussed.
B. Class Participation:
The following factors will be considered in evaluating class participation:
(1) Attend class sessions and contribute to a positive learning environment,
(2) Ask thoughtful questions,
(3) Participate in discussion,
(4) Prepare for reading and assignments conscientiously.

A positive learning environment results when you demonstrate respect for other students and the instructor, are courteous and
attentive, assist others in learning, attend class regularly, and arrive in class on time.
C. Homework/Assignment:
Doing the homework is essential for success in this course. Throughout the semester, at least 4 Homework/Assignments
(5 marks/points each) , 2 before Mid-Term and 2 after Mid-Term will be given.
Homework/Assignment assigned will be discussed in class when time permits; but you may not understand it completely unless
you have already attempted the work. Programming is a discipline that cannot be learned merely by watching; it is learned only
by doing. By attempting each homework problem prior to the class discussion, you can maximize your learning experience and
will be in a position to ask appropriate questions and identify areas where you need help. Accordingly, homework should be
done as instructed before coming to each class.
Incomplete work (or cheating on an assignment) cannot be accepted. Late homework cannot be accepted (as the solution
will be posted right after the collection of the assigned homework).
D. Quizzes
Throughout the semester, at least 4 quizzes (5 marks/points each), 2 before Mid-Term and 2 after Mid-Term will be given in
class on material covered in the previous week(s) to ensure that you are keeping current. There are no make-up quizzes. If you
are not in class on the day of a quiz, you will receive a zero.
E. Exams:
There will be two (2) exams for the semester. All exams are “closed book.” Students will not be given any extended time if
arriving late on that day.

Exams will be a combination of objective questions (e.g., multiple choices, short answer) and numerical problems. To receive
credit for numerical answers, adequate supporting computations (and also explanations if necessary) must be provided.
No makeup exam will be given and the exam will not be administered on any other day!
EVALUATION & GRADING :
(Note: Teacher should modify it as per University/Department Policy in Consultation with HOD/Faculty Committee)

The course grades will be determined by the following:

Components Marks Weight

Mid-Term 25 25%
Research paper 20 20 %
Final-Exam 30 30 %
Quizzes (4*2.5 points) 10 10%
Home Work/Assignment (4*2.5 points) 10 10%
Presentation/Research Poster 5 5%
Total 100%

Your Responsibilities

Sr.
No Major Responsibilities
.
1 Arrive on time and do not leave before the end of the class period.
Refrain from causing other distractions (ringing cell phones, talking while others have the floor, etc.). Disruptive
2
students will be asked to leave the class
3 Treat everyone with respect
Be responsible for all assigned materials plus everything covered in class. If you missed classes, make arrangements
4
with another student to collect handouts and to update you on classes you missed

ACADEMIC HONESTY STATEMENT

Academic dishonesty, which includes cheating, fabrication, facilitation of academic dishonesty, and plagiarism, is a serious
academic offense. A grade of "F" shall be assigned to any student who engages in academic dishonesty in this class, and formal
disciplinary action shall be taken. (Plagiarism in any assignment or cheating in the examinations will result in a grade of F in the
entire course).

THIS SYLLABUS CONSTITUTES A CONTRACT BETWEEN THE STUDENT AND THE FACULTY OF IT (FIT). THE TERMS
AND CONDITIONS CONTAINED IN THIS CONTRACT ARE DEEMED TO BE ACCEPTED BY EACH STUDENT WHO
REMAINS IN THIS COURSE AFTER THE OFFICIAL DROP DATE.
Home Work/Assignment and Quiz Details (subject to change)

Home Work (HW)/Assignment Quiz

Submission of Solution
Homework/ HW/Assignment Solution Posting of Result Result
Week Quiz Week Quiz by Posting of Quiz
Assignment Submission by HW/Assignment By Submission Submission
No (on LMS) No Student on by Teacher on
(on LMS) Student on LMS Teacher on LMS Date date
LMS LMS
Home Work 1 Quiz 1 Week Within the Immediately Within
Within the Time Immediately after the
Week Within 3-4 Time Line after the quiz 7days
Line Assigned by assignment
2-3 7days Assigned by submission dead
Teacher submission dead line
Teacher line
Home Work 2 Week Within Quiz 2 Week Within
Same as Above Same as Above Same as Above Same as Above
5-6 7days 6-7 7days
Home Work 3 Week Within Quiz 3 Week Within
Same as Above Same as Above Same as Above Same as Above
10-11 7days 11-12 7days
Home Work 4 Week Within Quiz 4 Week Within
Same as Above Same as Above Same as Above Same as Above
12-13 7days 13-14 7days
Reading
Every Week
Assignments

Note : This is the minimum number of Home Work/Assignments and Quizzes . The Instructor should encourage to add more Home Work/Assignments and Quizzes.

Submitting Work:
1. Most assignments will be submitted electronically via Slate/LMS.
2. Please do not email submissions until and unless necessary due some justified reason.

Course Contents and Tentative Class Schedule Table-I (subject to change)

Week Dates Topics Book Name Chapter No Exam/Quiz/Assignment Timeline for

No Category Result
Submission
1 29th The Economic 1 N/A N/A
Overview of
Sept Institutions of
Institutional
2024 Capitalism by
Economics
Oliver Williamson
2 6th The Interplay of The Economic 2 N/A N/A
Oct Institutions, Institutions of
2024 Organizations, Capitalism by
and Behavior Oliver Williamson
3 13th Understanding the 1 Homework 1 20th Oct
Economic
Oct Process of 2024
Systems and
2024 Economic Change
Property Rights
by Douglass North
4 20th The Economic 4 Quiz 1 27th Oct
Governance and
Oct Institutions of 2024
Transaction
2024 Capitalism by
Costs
Oliver Williamson
5 27th Impact of Why Nations Fail 3 N/A N/A
Oct Political by Daron
2024 Institutions on Acemoglu and
Economic James A.
Results Robinson
6 3rd Economic Understanding the 2 Homework 2 10th Nov
Nov Growth and Process of 2024
2024 Institutional Economic Change
Change by Douglass North
7 10th Distinction Why Nations Fail 5 N/A N/A
Nov Between by Daron
2024 Extractive and Acemoglu and
Inclusive James A.
Institutions Robinson
8 17th N/A N/A Mid-Term Exam 24th Nov
Mid-Term
Nov 2024
Examination
2024
9 24th The Relationship Game Theory for 3 N/A N/A
Nov Between Game Applied
2024 Theory and Economists by
Institutions Robert Gibbons
10 1st Understanding the 3 - "The Quiz 2 8th Dec 2024
Economic
Dec Process of Process of
Development
2024 Economic Change Institutional
and Institutions
by Douglass North Change"
11 8th Analyzing The Logic of 2 Homework 3 15th Dec
Dec Institutions Collective Action 2024
2024 through Public by Mancur Olson
Choice
12 15th Institutional 4 N/A N/A
Policy Analysis
Dec Economics: An
through
2024 Introduction by
Institutional
Wolfgang Kasper
Frameworks
and Manfred Streit
13 22nd Why Nations Fail 9 - "The Homework 4 29th Dec
Institutional
Dec by Daron Virtuous 2024
Reform within
2024 Acemoglu and Circle"
Political
James A.
Economy
Robinson
14 29th The Role of The Economic 8 Quiz 3 5th Jan 2025
Dec Behavioral Institutions of
2024 Factors in Capitalism by
Institutional Oliver Williamson
Economics
15 5th Institutions, 8 N/A N/A
Jan Analysis of Case Institutional
2025 Studies on Change, and
Institutional Economic
Change Performance by
Douglass North
16 12th N/A N/A Final Exam 19th Jan
Final
Jan 2025
Examination
2025