For this essay, you need to choose a democratic country. In the essay, you must describe its political and economic institutions and explain how it affects its economic and political outcomes. You can talk about instiitutions like:
Electoral system
Vertical distribution of power (ie:federalism)
Type of executive-legislative relations (presidentialism or parliamentarism)
Consensual or majoritarian democracy
Model of capitalism
(In)dependence of monetary institutions
Type of labor market regulation
Welfare state model
Membership of supranational organizations
Type of constitution
Any other that we mention in class or that you find relevant
You should describe the institution and discuss how it shapes economic and/or political dynamics . You do not need to cover all institutions, but only those that you find more consequential.

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