| Detailed information |
| Original study plan |
Master's programme Economics 2017W |
| Objectives |
The course focuses on conditions for Pareto efficiency of general equilibrium in a static and a dynamic model in the economy, and the presence of uncertainty (contingent goods). Students will understand the concept of social welfare functions in the sense of Samuelson / Bergson and the foundations of social choice theory, and students will be able to use the methods for measuring welfare effects due to price changes.
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| Subject |
Pareto efficiency, first main theorem of Welfare Economics, extensions and criticism, social welfare functions, social choice theory, Hicksian measures of welfare changes.
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| Criteria for evaluation |
Active class participation, final examination, re-sit examination (if necessary)
|
| Methods |
Lecture based on a prepared reader, course exercises
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| Language |
English |
| Study material |
Course reader
|
| Changing subject? |
No |
| Further information |
none
|
| Corresponding lecture |
(*)2VWTTOSK: KS Welfare Economics (4 ECTS)
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
2VWTTOSK: KS Welfare Economics (2001W-2017S)
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