This course introduces students to the major theoretical perspectives in political economy. Political economy explores the relationships between the economic system and its institutions to society. Its emphasis upon context, conflicting interests, social change and collective behavior permits a broad focus for economic analysis that includes issues such as equity, ideology, political power and social institutions. A political economy perspective is critical for understanding critiques of the current economic system, as well as contemporary economic issues, such as the distribution of income and wealth, the role of competing interest groups in the formation of economic policy, economic globalization and the provision of public goods. Prerequisites: ECON 102, ECON 103 and ECON 251 or ECON 252 or consent of the instructor.