1. Institutions Abhinay Muthoo, University of Warwick
Pre-University Taster in Economics

2. Institutions Matter Why Nations Fail http://whynationsfail.com/
Institutions, Institutional Change and Economic Performance - Douglass North

3. Types of Institutions Political – democracy, autocracy
Economic – e.g central banks, World Trade Organisation, IMF
Social – Family, Religious, Bowling Alleys

4. What are they? They define rules of engagement
They constrain behaviour
Create process and facilitate action

5. Political Democracy: Executive, legislature and judiciary Elections
Political Parties
Non Democracy:
Singapore, China, African States

6. Financial Markets Economic: Bretton Woods Institutional Structures
IMF, The World Bank, the UN System

7. Social
Family
Religion