Chapter 1 Flashcards
Memorize basic terms!
Politics
the process of making collective decisions, usually by governments, to allocate resources and create and enforce rules for the operations of society.
Political System
the way a society organizes and manages its politics across various levels of public authority.
~or~
a bundle of institutions, both formal and informal, within which many diverse people pursue the satisfaction of their preferences.
Preferences
the outcomes or experiences people want or believe they need.
Federal System
A political system with multiple levels of government in which each level has independent authority over some important policy areas.
Institutions
Rules or sets of rules that determine how people make collective decisions.
Collective Dilemma
A situation in which there is conflict between group goals and individual goals or self interest.
Public Good
a benefit provided to a group of people such that each member can enjoy it without necessarily having to pay for it, and one person’s enjoyment of it does not inhibit . others from enjoying the benefit.
Private Good
a product or benefit provided such that its enjoyment can be limited to specific people, and on individual’s consumption of it precludes others from consuming it.
Free Ride
Benefitting from a public good while avoiding the costs of contributing to it
Collective Action Problem
A situation in which people would be better off if they all cooperated; however, any individual has an incentive not to cooperate as long as others are cooperating.
Prisoner’s Dilemma
An interaction between two strategic actors in which neither actor has an incentive to cooperate even though each of them would be better off if they both cooperated.
Transaction Costs
The challenges people face when they try to exchange information or use other means to cooperate with each other.
Coordination Problem
A situation in which two or more people are all better off if they coordinate on a common course of action, but there is more than one possible course of action to take.
Minimum Winning Coalition
The smallest-sized coalition necessary to achieve a goal.
Types of Collective Dilemmas
Collective Action Problem
Prisoner’s Dilemma
Coordination Problem
Unstable Coalition