units

ECC4830

Faculty of Business and Economics

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Monash University Handbook 2011 Undergraduate, Postgraduate - Unit

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.

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
OfferedClayton First semester 2011 (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.

Objectives

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)

Yew-Kwang Ng

Contact hours

3 hours per week