PUB AFF 111
Microeconomics: Market Failures and Inequality
Description: Lecture, three hours; discussion, one hour. Requisites: courses 40 (or Economics 1 or 11 or equivalent introductory economics course), 60 (or Political Science 6 or Statistics 10 or equivalent introductory statistics course). Introduction to economic theory for policy analysis. Broad focus on evaluating rationale for government intervention in economy, in particular to address market failures and issues of economic inequality. Major emphasis on market failures in context of environmental sustainability, and economic inequality arising from markets for human capital, health, housing, and labor. Students are expected to have working knowledge of basic statistical and economic concepts. Letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Winter 2020 - Jisung is one of my all-time favorites. He is a kind, compassionate person, and he is incredibly intelligent and personable. Expect this class to focus more on the social issues than on the in-depth economics, although problem sets are regularly assigned that do focus on econ stuff. The social issues (for us climate change and inequality) were addressed as they relate to economics through readings, lectures, and class projects. The "final" was a group project, where we presented an in-depth economic analysis of a single issue within one of those broader two issues. I learned a lot and enjoyed every class I went to!
Winter 2020 - Jisung is one of my all-time favorites. He is a kind, compassionate person, and he is incredibly intelligent and personable. Expect this class to focus more on the social issues than on the in-depth economics, although problem sets are regularly assigned that do focus on econ stuff. The social issues (for us climate change and inequality) were addressed as they relate to economics through readings, lectures, and class projects. The "final" was a group project, where we presented an in-depth economic analysis of a single issue within one of those broader two issues. I learned a lot and enjoyed every class I went to!
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