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ES50052: Economics of fairness

Follow this link for further information on academic years Academic Year: 2017/8
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 1
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
Further information on supplementary assessment Supplementary Assessment:
ES50052B - RESIT EXAMINATION (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
The aims of this unit are to provide a good understanding at graduate level of the underpinnings of welfare economics and distributive justice beginning with the welfare properties of general equilibrium.

Learning Outcomes:
At a general level, students will be equipped with the ability to analyse economic decisions under the light of formal principles of economic welfare and fairness. At a more practical level, students will be able to choose among rules of fair division of resources, on the basis of the properties of these rules.

Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed)
Ability to select, summarise and synthesise written information from multiple sources (T/F/A)
Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A)
Comprehensive and scholarly written communication (T/F/A)
Concise and effective written communication (e.g. briefings/written exams) (T/F/A)
Effective oral communication (e.g. lecture question and answer) (F)

Pareto optimality and the Pareto criterion. Principles of distributive justice. Cardinal welfarism. Ordinal welfarism. Solutions to the problem of the Commons. Economic exploitation in general, and economic exploitation in capitalism.
Further information on programme availabilityProgramme availability:

ES50052 is Optional on the following programmes:

Department of Economics

ES50052 is available for Auditing on the following programmes:

Department of Economics Department of Social & Policy Sciences