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In fall 2017, the economics department awarded Professor Lleras-Muney the Warren C. Scoville Distinguished Teaching Award for her class Economics 130: Public Finance. Professor Lleras-Muney’s popular lab-based public finance course introduces students to the latest issues on a range of public policy topics, ranging from health care to education. The class instructs students in data […]
A classic question in economics is: How to design an optimal debt strategy? This is a problem confronted by the treasury of any government or any big corporation. A debt strategy must determine an amount of debt issuances and its maturity structure. Economics offers a number of theories that guide that design. Although each theory […]
Karen Williams’ success as a businesswoman, educator, and leader are testament to her ability to make smart calculated decisions, and her self-described scrappiness. Her long, winding, and triumphant journey has taken her through many paths and many pivots. A journey that started, right here, at UCLA. Williams looks back at her undergraduate years very fondly. […]
Professor Simon Board gave a talk to UCLA alumni in London on the topic of “Reputation Design”. The talk discussed the challenges platforms like eBay, Yelp and IMDB face in eliciting and providing information to users. Professor Board discussed the different methods that are used to encourage participation, and also how they can give rise […]
Robert Barro talked about his views of the effect of the 2017 “Tax Cuts and Jobs Act”. He argued that the lower corporate tax rates will lower the cost of capital, and raise the long-run GDP by around 8%. He also argued that the individual tax cuts will raise the incentive for individuals to work […]
In an essay in Politico, Professor Lleras-Muney discusses the lessons from the Mothers’ Pension Program, an early 20th century welfare program that gave cash to single mothers. Using census records, she finds that children in the program lived one to two years longer, and obtained higher education and incomes. The article can be found here.
Merger approval decisions of national antitrust authorities have important effects on other jurisdictions. For example, the merger of two U.S. pharmaceutical companies may lead to higher drugs prices in Europe, or affect the worldwide level of innovation. As the efficiency gains induced by a merger might be sufficient to outweigh its anti-competitive effect in one […]
Terry emphasizes the importance of learning in diverse settings and engaging with people of different views and backgrounds, especially since UCLA epitomized his UCLA alumnus Michael Terry’s sprint in the business world is comparable to his time as an Olympic track runner: fueled by boundless energy and determination. Terry graduated magna cum laude from UCLA […]
Research done by Katherine Meckel about how hydraulic fracking decreases infant health was featured in the Washington Post. Katherine Meckel’s research findings were also reported in other major news outlets, including CNN, The Wall Street Journal, NPR, The Los Angeles Times, and many other news outlets. The Washington Post article, titled “Fracking Sites May Raise […]
UCLA Department of Economics