What are institutions and how do they affect economic performance? Distinguish between political and economic institutions. Discuss the evidence that we have on the impact of institutions on economic growth and development. How are institutions determined and how can we model/understand institutional change?

Here are some useful resources that you may use, the resources has to be academic and reliable,

1. “Institutions as the Fundamental Cause of Long Term Growth” by Acemoglu, Johnson and Robinson.

2. “History Lessons: Institutions, Factors Endowments, and Paths of Development in the New World” by Sokoloff and Engerman

3. “Institutions: Top Down or Bottom Up” by William Easterly.

4. “Institutions for High-Quality Growth: What They Are and How to Acquire Them? by Dani Rodrik.

5. “Tropics, Germs and Crops: The Role of Endowments in Economic Development” by Easterly and Levine (only the first ten pages and the Conclusion).

6. http://economics.mit.edu/files/511

7. http://www.nber.org/papers/w18162

8. http://www.nybooks.com/articles/archives/2012/jun/07/what-makes-countries-rich-or-poor/

9. http://www.nyudri.org/wp-content/uploads/2011/10/driwp62.pdf