ECC4830

Welfare economics

(BUS)

Professor Yew-Kwang Ng

7 points + Two 1.5 hour lectures per week + First semester + Clayton + Corequisite: ECC4650

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: Assignment and oral presentation: 40% + Examination (3 hours): 60%