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75575 - ECONOMICS OF WELFARE

Anno Accademico 2022/2023

                
                        Docente:
                        Corrado Benassi
                    
                        Crediti formativi:
                        6
                    
                        SSD:
                        SECS-P/01
                    
                        Lingua di insegnamento:
                        Inglese
                    
                        Modalità didattica:
                        Convenzionale - Lezioni in presenza
                        
                            Campus:
                            Rimini
                        
                            Corso:
                            Laurea Magistrale in
                            Resource Economics and Sustainable Development (cod. 8839)

                            Risorse didattiche su Virtuale
                        
                                    Orario delle lezioni
                                
dal 19/09/2022 al 24/10/2022

Conoscenze e abilità da conseguire

The course provides the basic theoretical models which can be used to define economic welfare, to provide adequate measures thereof, and to assess the welfare effects of policy choices. Specific applications will be discussed with reference to the welfare implications of sustainability issues, including the definition of welfare indices, taxation, poverty, and social discount rates.

Contenuti

Introduction: General perspectives on the economics of welfare (positive and normative ideas, utilitarianism and beyond, economics and justice, economics of happiness); welfare and economic welfare.
From welfare to economic welfare: utilitarianism, efficiency and social decision rules.
Basic models: Pareto optimality and the two fundamental theorems; the second best theorem; externalities.
Applications: (a) Sustainability and the population problem (b) Taxation.

Testi/Bibliografia

Basic theory is covered by any microeconomics handbook, like H.Varian, Microeconomic Analysis, Norton (any edition later than the second will do) or, at a more advanced level, A.Mas-Colell, M.D.Whinston and J.R.Green, Microeconomic Theory, Oxford University Press, 1995. Further references and a list of readings will be provided in class.

Metodi didattici

This is a taught course with lectures

Modalità di verifica e valutazione dell'apprendimento

The exam consists of (a) a short essay (max 5000 words) which is worth up to 1/3 of the overall grade (10 points), and (b) an oral discussion of the material covered in class, worth up to 2/3 of the overall grade (20 points). Students are required to register in advance for their oral exam through AlmaEsami according to the general rules of the School of Economics and Management. Grading is on a 30 point basis, with minimum pass grade 18/30 (18-23: sufficient; 24-27: good; 28-30: very good; 30 plus distinction: excellent).

Strumenti a supporto della didattica

Most lectures will involve topics presentation by the teacher and class discussions. Handouts will be available for students.

Orario di ricevimento

Consulta il sito web di Corrado Benassi

SDGs

L'insegnamento contribuisce al perseguimento degli Obiettivi di Sviluppo Sostenibile dell'Agenda 2030 dell'ONU.