PA 5022 is also offered in Fall 2023
PA 5022 is also offered in Spring 2022
PA 5022 is also offered in Fall 2021
Fall 2016 | PA 5022 Section 001: Economics For Policy Analysis and Planning II -- Social Impact Financing & Economics of Prevention (34024)
- Instructor(s)
- Class Component:
- Lecture
- Credits:
- 1.5 Credits
- Repeat Credit Limit:
- 3 Credits
- Grading Basis:
- A-F only
- Instructor Consent:
- No Special Consent Required
- Instruction Mode:
- In Person Term Based
- Class Attributes:
Topics Course
- Times and Locations:
First Half of Term
Tue,
Thu 02:30PM - 03:45PM
UMTC, West Bank
Blegen Hall 125
- Also Offered:
- Course Catalog Description:
- Application of economic reasoning to various public policy issues. Cost-benefit analysis, nonmarket valuation, and tax analysis. prereq: [[5021 or equiv], public policy major] or instr consent
- Class Notes:
- http://classinfo.umn.edu/?jtemple+PA5022+Fall2016
- Class Description:
- This course is about the Economics of Prevention and the Use of Social Impact Bonds
Overview. We start with a discussion of preventive interventions. A significant portion of government social spending is allocated toward addressing problems such as poverty, crime, and poor health after these problems have occurred. Could we save money and improve social welfare by re-allocating our spending priorities from remediation of problems to prevention? We read a couple of seminal articles on Prevention Science by psychologists before moving on to focus on topics of more interest to economists. We'll spend most of the course discussing a new and promising method of financing preventive interventions by using social impact bonds and "Pay for Success." The main reference materials related to social impact bonds are found on the Payforsuccess.org website. Students will complete a number of short one-page or less writing assignments and complete a term paper on a particular social impact bond initiative of the student's choice. We will focus our attention on four SIBS used to expand services for prisoners in Petersborough Prison (in the UK) and Rikers Island (New York City) and two preschool programs (in Chicago and Utah). Any other ongoing SIB
project described on the Payforsuccess.org website can be selected by the students for the paper assignment. In addition, students can choose to focus on an international example (often called Developmental Impact Bonds) as along as sufficient information on the legal contract and evaluation scheme is available.
- Grading:
- There will be 6 or 7 short one-half page or one-page written assignments about the readings. There will be a term paper on social impact initiative of the student's choice. Several additional preliminary short written assignments will be related to the term paper. There will be a fairly short student presentation of the term paper topic. Student participation also will be evaluated.
- Exam Format:
- There will be no midterm or quizzes.
- Class Format:
- We will have discussions about the readings and about new social impact bond initiatives around the U.S. and perhaps abroad. We may have two guest speakers talk about their involvement in highlighting and promoting government spending programs that may ultimately save governments more than they cost.
- Textbooks:
- https://bookstores.umn.edu/course-lookup/34024/1169
- Past Syllabi:
- http://classinfo.umn.edu/syllabi/jtemple_PA5022_Spring2019.doc (Spring 2019)
http://classinfo.umn.edu/syllabi/jtemple_PA5022_Spring2018.pdf (Spring 2018)
http://classinfo.umn.edu/syllabi/jtemple_PA5022_Spring2016.doc (Spring 2016)
- Instructor Supplied Information Last Updated:
- 6 September 2016
ClassInfo Links - Fall 2016 Public Affairs Classes Taught by Judy Temple