Spring 2023  |  PA 5023 Section 001: Stratification Economics and Public Policy (65758)

Class Component:
2 Credits
Grading Basis:
Student Option No Audit
Instructor Consent:
No Special Consent Required
Instruction Mode:
Completely Online
Enrollment Requirements:
Grad or Masters or Law
Times and Locations:
First Half of Term
01/17/2023 - 03/13/2023
Tue, Thu 04:00PM - 05:40PM
Off Campus
Enrollment Status:
Closed (25 of 25 seats filled)
Also Offered:
Course Catalog Description:
Stratification economics differs from conventional neoclassical economics and its related offspring of behavioral economics because it does not assume that the nature of inequality arises solely via rational choices made in competitive markets. Rather, it posits structural and historical processes that impede the ability of marginalized groups to gain access to markets. One of the key insights from stratification economics is that conventional policy mechanisms (e.g. deterrence policies in the criminal justice system) don't work because they fail to take account of the legacy of inequality (e.g. convict lease systems and vagrancy laws). The arguments in favor of reparations, baby bonds, universal health care can be viewed and examined using the methods and techniques of stratification economics. This course introduces students to some new methodologies that complement their training in conventional economic analysis. Topics: A review of conventional microeconomic approaches to policy analysis, including the core assumptions and key conclusions Summary and critique of the conventional microeconomic approach The historical backdrop to the evolution of "identity economics" and stratification economics for understanding racial disparities Core assumptions of stratification economics Applications: Housing markets and residential segregation; racial profiling; discrimination in labor markets. Policy proposals based on stratification economics - reparations, baby bonds, universal income and health payments. Advanced undergraduate students may register with permission of the instructor.
Class Notes:
Please contact Dr. Myers if you are interested in registering for a 1-credit Extra Credit section. Class will be taught REMOTELY (syncrhronously online). Students and instructor will be onliine at the same time during the scheduled days/times. http://classinfo.umn.edu/?myers006+PA5023+Spring2023
Class Description:
Student may contact the instructor or department for information.

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