UGA POLS 1101 - POLS Final Exam (4 pages)

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POLS Final Exam



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POLS Final Exam

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Pages:
4
School:
University of Georgia
Course:
Pols 1101 - American Government

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Final Exam 04 29 2013 1 Principal Agent Theory we live in a representative democracy 1 11 14 12 delegation transaction costs conformity costs agency loss Accountability how do we hold our elected representatives accountable We delegate that authority to elected representatives and we have to keep them accountable We have institutions to keep them accountable reduce the transaction costs Institutions Select monitor and sanction reward punish these folks elections11 media14 carrots and sticks7 or parties12 Pros Cons Elections Party labels allow people to make cognitive shortcuts Negativity How have we characterized people Lack of knowledge Many people that don t vote It s better for the nation when more people participate because we are one body and we are doing something together Media We get a lot of information but it is tainted by different networks Bias of the media Information is put into words that people can understand so more people are informed A greater of population has access to information now Media drives policy Parties Good for organization Party labels and cognitive shortcuts Because of parties you don t have to spend a lot of time researching different issues or candidates because you closely affiliate with preferences of the candidate and party Creating polarization We have all or none winner take all system with delegates 2 Political Parties 1 11 12 Party in the Electorate Party Organization Party in Government Multiple Roles Conducting Government Business lower transaction costs o PARTY IN THE GOVERNMENT shaping policy o Committee system Selecting chairs by controlling party o decreases transaction costs but increases conformity costs Elections lower transaction costs o PARTY IN THE ELECTORATE o decreases transaction costs Selecting Representatives lower transaction costs o PARTY ORGANIZATION o decreases transaction costs How How do these increase and decrease transaction costs 04 29 2013 04 29 2013



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