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 2024 - this was my first pub aff class I've taken at UCLA and it was very enjoyable. professor akee has insane credentials and is truly passionate about what he's taking about. there are "assigned readings" weekly which are quite long but he doesn't expect students to understand the complex research journals and he ends up going over the most important takeaways in class anyway so you can honestly just skim. sometimes the lectures would get a little boring, but you definitely get what you put in. there are assignments every couple of weeks that are based on the readings, a short policy memo and a group research essay/class presentation on an assigned topic which are due at the end of the quarter. the class is very manageable and if you have a decent group, the presentation shouldn't be too bad. this class also made me more interested in doing a pub aff minor!!
Winter 2024 - this was my first pub aff class I've taken at UCLA and it was very enjoyable. professor akee has insane credentials and is truly passionate about what he's taking about. there are "assigned readings" weekly which are quite long but he doesn't expect students to understand the complex research journals and he ends up going over the most important takeaways in class anyway so you can honestly just skim. sometimes the lectures would get a little boring, but you definitely get what you put in. there are assignments every couple of weeks that are based on the readings, a short policy memo and a group research essay/class presentation on an assigned topic which are due at the end of the quarter. the class is very manageable and if you have a decent group, the presentation shouldn't be too bad. this class also made me more interested in doing a pub aff minor!!
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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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