units

ECC4830

Faculty of Business and Economics

Undergraduate, Postgraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
OfferedClayton First semester 2012 (Day)
Coordinator(s)Professor Yew-Kwang Ng

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.

Outcomes

The learning goals associated with this unit are to:

  1. understand the welfare economic foundation of public policies
  2. analyse the pros and cons, costs and benefits of economic measures and changes from the perspective of social welfare.

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Professor Yew-Kwang Ng

Contact hours

3 hours per week