ECON8002 Applied Welfare Economics
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Economics |
| Offered in | Second Semester, 2010 and Second Semester, 2011 |
| Unit Value | 6 units |
| Course Description |
The actions people take are determined by potential welfare gains. Indeed, the gains from trade are what brings buyers and sellers together in markets. Unfortunately, however, not all private actions raise social welfare when markets are subject to taxes of other distortions. This course obtains general equilibrium shadow (or social) prices to identify welfare improving policy changes in these circumstances. |
| Learning Outcomes | This course will provide students with a good understanding of conventional welfare economics. It establishes the properties of different welfare measures in a general equilibrium setting to develop a framework for undertaking cost-benefit analysis. In particular, the shadow pricing rules used in policy evaluation. The material is reinforced throughout the course with practical applications |
| Indicative Assessment |
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| Workload | 3 contact hours plus private study time. |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. |
| Areas of Interest | Economics |
| Eligibility | At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics. |
| Prescribed Texts | Jones, C.M., (2005), Applied Welfare Economics, Oxford University Press, Oxford, UK. |
| Preliminary Reading | Tresch, R.W., (2002), Public Finance: A Normative Theory, Elsevier Science Academic Press, San Diego and London, 2nd Edn. |
| Programs | Master of Economics, Master of Applied Economics, Master of Economic Policy, Master of Health Economics, and Master of International and Development Economics |
| Other Information |
See Course Website |
| Academic Contact | See http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8002 |
The information published on the Study at ANU 2010 website applies to the 2010 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2009 website.
