Undergraduate, Postgraduate - UnitECC4830 - Welfare economics

This unit entry is for students who completed this unit in 2014 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.

Level	Undergraduate, Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Not offered in 2014
Coordinator(s)	To be advised

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:

understand the welfare economic foundation of public policies
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: 60%

Chief examiner(s)

To be advised

Workload requirements

3 hours per week