Vocabulary Flashcards

1
Q

Endogeneity

A

When the dependent variable has an impact on the independent variable. (i.e. the trend is working both ways, causing a feedback loop). Example: A high quality institution can help boost GDP, but a high GDP can also lead to a better institution.

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2
Q

Counterfactual

A

Expressing what did not happen, helpful in showing causal relationships. If you want to prove that x causes y, you can prove that when x doesn’t happen, neither does y.

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3
Q

Selection Bias

A

When the groups being studied/surveyed for research are not representative of the whole population you are trying to represent. (surveying political opinions from only young students from a district and claiming they are representative of all citizens of that district)

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4
Q

Independent Variable

A

The variable that is manipulated

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5
Q

Dependent Variable

A

The variable that is measured and changes as a result of changes in the independent variable

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6
Q

Natural experiment

A

A case where nature assigned a random treatment, so you can treat the correlation as a causal relationship

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7
Q

Field Experiment

A

Assigning a treatment to people in a real world environment (unethical in political science usually)

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8
Q

Internal Validity

A

Exists if the observed results of a study aren’t caused by outside factors that could be manipulating them

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9
Q

External validity

A

the ability to generalize the results of this study to other groups outside of the range of your experiment

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10
Q

State fragility

A

Deficiencies in state authority, capacity, or legitimacy. Basically whether a state is able to carry out the duties it needs to.

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11
Q

Ethno-linguistic Fractonalization (ELF) measure

A

The probability that two randomly drawn individuals belong to two different ethnic groups

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12
Q

Majoritarian (SMD)

A

Candidate who gains the most votes wins the election in a winner-take-all system. Duverger’s law states that this type of system will always lead to a 2 party system due to the inability to balance a 3rd party effectively in the competition

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13
Q

Proportional Representation (PR)

A

Citizens vote for parties, and the seats in the legislature are distributed according to the proportion of votes received by each party

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14
Q

Parliamentary System

A

A system of governance in which the executive is selected by the legislative branch

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15
Q

Presidential System

A

A system of governance in which the executive is the head of state and is elected separately from the legislature

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16
Q

Duverger’s Law

A

3rd parties are always underrepresented in the winner-take-all system

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17
Q

Selectorate

A

The group that chooses the executive and maintains his/her power.

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18
Q

Resource Curse

A

A term for the trend of failure in very resource-rich countries due to the lack of incentive for their economies to grow and evolve past simply exporting raw materials.

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19
Q

Descriptive representation

A

How well the population relates to an elected representative as a person living their own life similar to the citizens own

20
Q

Substantive representation

A

How well the elected official’s policies benefit the people who they are representing

21
Q

Symbolic representation

A

The ways that a representative “stands for the represented” as a symbol of representation.

22
Q

First Wave of Democratization

A

Sparked by American and French Revolutions and began in the early to mid 1800s. This wave abolished property qualifications for voting white males in the US. This allowed suffrage for the majority of white men.

23
Q

Second Wave of Democratization

A

Began after the allied victory in WWII and lasted from 1945-62. Many new democracies were added during this period, and the 3rd wave did not follow long after

24
Q

Third Wave of Democratization

A

The third wave began dramatically in 1974 with the Carnation Revolution in Portugal. This wave was the most massive in scale of the three, with many major democracies in Latin America, Asia Pacific, Eastern Europe, and sub-Saharan Africa. It was from the 70’s to the 90’s

25
Q

Revolution

A

Public seizure of the state in order to overturn the existing regime

26
Q

Concession vs Repression response to revolution

A

When citizens demand change, the regime can either give in or resist the will of the people.

27
Q

Opportunity Cost

A

The value of the best forgone alternative of a choice

28
Q

Absolute advantage

A

The ability of an entity to produce more of a certain good or service as compared to another party

29
Q

Comparative advantage

A

The ability of an entity to produce a certain good or service at a lower marginal opportunity cost than another party

30
Q

Division of labor

A

a given number of workers can produce far more when the labor is divided among them rather than each person working alone

31
Q

Gains from Trade

A

Gains from trade are the net benefits to economic agents from being allowed an increase in voluntary trading with each other

32
Q

Gross Domestic Product

A

All of the state’s economic activity, all goods and services produced within state boundaries. Calculated by adding Consumption + investment + Government Spending + Exports - Imports.

33
Q

Gross National Income (GNI)

A

A metric for the national income that discludes savings, sale of used items, and enterprises owned abroad.

34
Q

Purchasing Power Parity (PPP)

A

A measurement that standardizes different currencies by their ability to buy different goods. This allows for an apples-to-apples comparison of economics

35
Q

Gini Coefficient

A

The Gini Coefficient measures income and wealth inequality in different countries on a scale from 0-1 where 0 is perfect equality and 1 is absolute inequality.

36
Q

Human Development Index (HDI)

A

A summary metric of average achievement in key dimensions of human development such at Life expectancy at birth, median years of schooling, GNI per capita

37
Q

Gender Inequality Index (GII)

A

A measure of gender inequality in 3 main areas: health, empowerment, and labor.

38
Q

Pubic good

A

A good that is non-excludable and non-rivalrous (ex. access to clean air and water)

39
Q

Club Good

A

A good that is excludable but still non rivalrous (ex. private park, tolled highways)

40
Q

Private Good

A

A good that is excludable and rivalrous (ex. food and most consumer goods)

41
Q

Collective Action Problem

A

A situation where everyone involved would benefit from cooperating but fail to do so because of conflicting interests.

42
Q

What is the relationship between democracy and economic growth in less developed countries?

A

Democracy promotes investment/secure property rights both foreign and national which leads to better economic development.

43
Q

Import Substitution Industrialization (ISI)

A
  • Based on mercantilism(state plays a strong role in the economy)
  • state actively promotes domestic production, sometimes through state-owned businesses.
  • trade barriers used to restrict imports(creates a demand for locally produced goods)
44
Q

Structural Adjustment

A

based on “neoliberalism” - policies aimed at diminishing the role of the state in the economy

  • state involvement is reduced as the economy opens to the global market
  • government spending, in general, is reduced
  • often viewed as having failed to bring substantial economic development.
45
Q

Export-oriented industrialization

A

A trade and economic policy aiming to speed up the industrialization process by exporting goods for which the nation has a comparative advantage.

46
Q

Capability approach to development

A

Development can be seen as a process of expanding the real freedoms that people enjoy. Focusing on people’s capability to choose the lives they value.