Cmty Dev & Apld Econ: Consumer,Markets&Public Policy

Analysis of consumer choices through the examination of consumer behavior theories, current marketplace issues and public policy. Prerequisite: One of the following: CDAE 1240, CDAE 1150, ENGL 1001, ENGL 1740, or permission.

Prereqs enforced by the system: CDAE 1240 or CDAE 1150 or ENGL 1001 or ENGL 1740 Open to Degree and PACE students

Markets connect buyers and sellers. Public policy seeks to address market failures and inequitable access to resources. Consumers—better known as people—are in the middle of it all. In this course, we will explore the dynamic connections between consumers, markets, and public policy. Using case studies on critical policy issues, we will seek to understand key concepts of economics and public policy. People come together in communities, businesses, governments, and organizations to solve problems. This semester, we will do a deep dive into four current issues at the intersection of markets, policies, and people: fast fashion/consumerism, social media and data privacy, climate change, and the housing crisis. For each topic we will explore the history and dynamics of the problem while introducing key theoretical concepts from economics and other relevant fields. By the end of the semester, you will have a stronger understanding of the complex dynamics that have created these issues and have yet to be solved. You will have the opportunity to develop analytical skills to become one of the solvers.

Attendance and preparation for class through reading, videos, and/or podcasts is mandatory. All students are expected to purchase a copy of the book Markets, State, and People: Economics of Public Policy (https://phoenixbooks.biz/book/9780691179261).

Evaluation is based on attendance, participation, unit quizzes, midterm and final exams, and an experiential learning project.