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ARSC 1492 (Ramirez): Zax

Jeffrey Zax

Joe Jupille

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Introduction: 

Dr. Jeffrey Zax is a professor of economics at the University of Colorado at Boulder. He is also the associate chair of CU’s economic department. He obtained both his B.A. and Ph.D. at Harvard. Some of his areas of focus in research include the impact of different factors such as IQ, image, and environment on individual’s success; housing inequality and segregation, governmental salaries, and housing markets as related to political/economic phenomena in China, such as displacement or allowances due to Special Economic Zones.

Dr. Zax has served as a consultant to Attorney Generals in Colorado, Arkansas, Arizona, South Dakota, and he has also served as a consultant to BBC Research and Consulting and the State of Colorado Workforce Coordinating Council. Currently, Doctor Zax is working as a senior Fellow for the China Center for Human Capital and Labor Market Research at Central University of Finance and Economics. He won the Stanford Calderwood Teaching Excellence Award from the Department of Economics here at CU in both April 1993 and May 2000. He has also won the Fulbright Lecturer award from the University of Ghana in January to April 1990. He has been recognized in Who’s Who in Economics, Marquis Who’s Who in America, Marquis Who’s Who in American Education, Marquis Who’s Who in the East, and Marquis Who’s Who in Finance and Business.

Challenge & Exploration

Does it make sense to provide "affordable housing" at sub-market rents?"

Steps

 

  1. Do some research on affordable housing and submarket rates in order to enhance your background knowledge and understanding of the debate and issue. Consider:
    1. Key players
    2. Key arguments
    3. Key developments
    4. Key controversies
  2. Draw connections between the affordable housing debate and key concepts that  Prof. Zax introduced during his class presentation.
    1. Supply 
    2. Demand
    3. Scarcity
    4. Choice
    5. Market
    6. Equilibrium
    7. Place based policy