Political Economy is an interdisciplinary field that examines the relationship between politics and economics, focusing on how political institutions, the political environment, and the economic system influence each other. It analyzes the impact of policies on economic performance and how economic interests shape political decisions, aiming to understand the distribution of power and resources in society.

Political Economy

An interdisciplinary field is like a big team where people from different areas, like science and art, work together to solve problems. They mix their ideas and skills to create new things and find answers that one person alone might not think of.

interdisciplinary field

relationship between politics and economics

Political institutions are structures and mechanisms of social order that govern the behavior and interactions of individuals within a society. They establish the rules, norms, and procedures that define political governance, influence policy-making, and shape the distribution of power and resources.

political institutions

The political environment encompasses the government actions, policies, and regulations that influence a business's operations and strategic decisions. It is shaped by political stability, legal frameworks, and the influence of political entities and stakeholders, which can significantly impact market conditions and business opportunities.

political environment

economic system

impact of policies on economic performance

Economic interests refer to the financial motivations and incentives that drive individuals, organizations, and governments in their decision-making processes. Understanding these interests is crucial for analyzing market behavior, policy-making, and international relations, as they often underpin conflicts and collaborations in the global economy.

Relevant Degrees

Your Lessons