Spring 2013 - 63039 - PA393L - Advanced Policy Economics
Value, Growth, & Development
|Instructor(s):|| Varoufakis, Yanis
|Day & Time:||T 6:00 pm -9:00 pm|
|Waitlist Information:||For LBJ Students: UT Waitlist Information|
Students are required to take an additional three-hour course in policy economics, selected from among a set of courses focusing on the application of economic theory and techniques to a specific area of public policy. Course options include macroeconomics, public finance, regulation, international trade and finance, natural resources and environmental policy, health policy, transportation policy, human resource development, urban and regional economic development, international development, education policy, social policy, and labor economics. Not all options are offered every year. This course is usually taken in the second year.
From the first industrial revolution to this day, economists have strived to provide a unified theory of (a) what determines the value of ‘things’ and (b) the determinants of growth and development. Combining an account of value and of growth in the same analysis has proven extremely difficult. Employing the economists’ most sophisticated analyses (from surplus and labour theories of value to general equilibrium and game theory) this segment offers a parallel narrative of (i) economic development since the 18th century and (ii) the history of our analytical ideas about this economic process.
Assessment will be based on one presentation, a short piece (to be written as a take-home examination) on one of economics’ analytical traditions and a longer essay on a topic mutually agreed with the instructor.