The Political Economy of American Poverty
The purpose of Advanced Policy Economics is to apply economic analysis to a particular policy area. This section focuses on poverty issues in the United States. Specifically, the course covers (a) neoclassical and institutional approaches for understanding poverty, (b) technical issues in measuring poverty and analyzing related data, and (c) U.S. social policy strategies dealing with poverty and associated problems. This section is both an analytic course that applies microeconomics logic and econometric modeling to policy analysis, and a survey course on anti-poverty policy in this country. Proficiency in both microeconomics and econometrics is expected. These prerequisites can be fulfilled by successfully completing AMP and IEM with good conceptual understanding of OLS logic.