Syllabus
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Course Code: M-ECOE -046 Course Name: Elective Course - Welfare Economics-II |
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| MODULE NO / UNIT | COURSE SYLLABUS CONTENTS OF MODULE | NOTES |
|---|---|---|
| 1 | Social Welfare The Scitovsky double criterion; Samuelson’s
utility possibility curve; Choice Functions and Revealed Preference; Social
Choice; Social Welfare Function; Arrow’s Impossibility Theorem.
Reading
List ·
Boadway,
R.W. & Neil, B. (1991). Welfare
Economics. Wiley. ·
Little,
I.M.D. (2002). A critique of Welfare
Economics. Oxford University Press.
·
Sen,
Amartya (1997). Choice, Welfare and
Measurement. Harvard University Press. |
|
| 2 | Efficiency
and State Intervention Pigovian tax and subsidy; Divergence
between private and social costs; Externalities of production and consumption; Problem
of public goods; The Role of The State; Second-best optima.
Reading
List ·
Boadway,
R.W. & Neil, B. (1991). Welfare
Economics. Wiley. ·
Feldman, A. M. &
Serrano, R. (2006). Welfare Economics and
Social Choice Theory. Springer.
·
Johansson,
Per-Olov (1991). An Introduction to
Modern Welfare Economics. Cambridge University Press. |
|
| 3 | Approaches to
Welfare Analysis Marginal cost pricing; Cost-benefit
analysis; Welfare Analysis of Risky Projects; The Value of Information and
Irreversible Consequences; Welfare Theory and International Trade.
Reading
List ·
Boadway,
R.W. & Neil, B. (1991). Welfare
Economics. Wiley. ·
Feldman, A. M. &
Serrano, R. (2006). Welfare Economics and
Social Choice Theory. Springer. ·
Johansson,
Per-Olov (1991). An Introduction to Modern
Welfare Economics. Cambridge University Press. ·
Little,
I.M.D. (2002). A critique of Welfare
Economics. Oxford University Press.
·
Sen,
Amartya (1997). Choice, Welfare and
Measurement. Harvard University Press. |
|
| 4 | Public
Choice Collective
decision making and voting rules; Voting and median voter model; Rent seeking,
Lobbying and corruption; Fiscal policies and taxation; Local public goods; Market
failure vs. Government failure.
Reading List ·
Boadway,
R.W. & Neil, B. (1991). Welfare
Economics. Wiley. ·
Feldman, A. M. &
Serrano, R. (2006). Welfare Economics and
Social Choice Theory. Springer. ·
Johansson,
Per-Olov (1991). An Introduction to
Modern Welfare Economics. Cambridge University Press. ·
Little,
I.M.D. (2002). A critique of Welfare
Economics. Oxford University Press.
·
Sen,
Amartya (1997). Choice, Welfare and
Measurement. Harvard University Press. |
|
