Economics of Wealth and Poverty|
Spring 2013 not offered
|Certificates: Civic Engagement|
Who are the very wealthy and how do they acquire their wealth? Why is poverty still with us after almost 50 years of antipoverty programs? What explains rising inequality in the distribution of income and wealth? These are just a few of the questions that we address in this course. The problem of scarcity and the question of production for whom are basic to the study of economics. Virtually all courses in economics give some attention to this topic, yet few study the distribution of income in-depth. This course takes a close look at evidence on the existing distribution of income and examines the market and nonmarket forces behind the allocation process. Our investigation makes use of U.S. economic history, cross-country comparisons, and fundamental tools of economic analysis. Topics include normative debates surrounding the notions of equality and inequality, analytic tools for measuring and explaining income inequality, determinants of wage income and property income, the importance of inheritance, the feminization of poverty, and the economic analysis of racial discrimination. A central subject throughout the course is the role of policy in altering the level of poverty and inequality.
||Gen Ed Area Dept:
|Course Format: Lecture / Discussion||Grading Mode: Graded|
||Prerequisites: ECON101 OR ECON110
||Fulfills a Major Requirement for: (AMST)(CGST-MN)(CIVI-MN)(ECON-MN)(ECON)(EDST-MN)(EDST)(HRAD-MN)
Wolff, ECONOMICS OF POVERTY AND INCOME DISTRIBUTION
Sen, INEQUALITY RE-EXAMINED
Easterly, THE ELUSIVE QUEST FOR GROWTH
Currie, INVISIBLE SAFETY NET
Galbraith, A SHORT HISTORY OF FINANCIAL EUPHORIA
Partnoy, FIASCO: BLOOD IN THE WATER ON WALL STREET
|Examinations and Assignments: |
Three short papers (3-4 pages each), two quizzes on central concepts and one final exam.
|Additional Requirements and/or Comments: |
Regular attendance and active participation in class discussions. Prompt submission of papers or assignments: no unexcused absences. Please note that if you do not match one of the prerequisite listings EXACTLY, then you need a prerequisite override.
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