ECC4830 - Welfare economics

Leader(s): Professor Yew-Kwang Ng

Offered

Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)

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