ECC4830 - Welfare economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader: Professor Yew-Kwang Ng
Offered
Clayton First semester 2009 (Day)
Synopsis
A study of theories in welfare economics, including conditions for Pareto optimality, welfare criteria, social choice, consumer surpluses, second versus third best, externalities and public goods as well as problems of applying these theories to such areas as public utility pricing, optimal taxation, road congestion, environmental protection, and public spending.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
20 November 2008
23 November 2008