ECC4830 - Welfare economics

Leader: Professor Yew-Kwang Ng

Offered

Clayton First semester 2007 (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

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

Contact hours

Three contact hours per week

Co-requisites

ECC4650