ECON665

Welfare Economics

15 points

Not offered 2021, offered in 2009, 2011, 2012, 2013, 2014

For further information see Department of Economics and Finance

Description

Welfare economics deals with the interaction between "positive economics" (i.e. statements of what will happen under different policies) and "normative economics" (statements about what policies should be followed). Welfare economics considers how value judgements involving interpersonal comparisons can be incorporated into the basic framework of positive economics in order to reach normative conclusions.

Pre-requisites

Subject to approval of the Head of Department