<p>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.</p>

Public Affairs

At the convergence of social work, urban planning, and policymaking, the school identifies and develops emerging areas of research and teaching, cultivating leaders and change agents who advance solutions to society’s most pressing problems.

Meyer and Renee Luskin School of Public Affairs

The major offers students a rigorous conceptual and empirical foundation that prioritizes capacity for action by students exhibiting high motivations for public service and social change.

General Catalog

Microeconomics: Market Failures and Inequality

PUBAFF111

4 units