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 Academic Year: | 2018/9 | |
| Owning Department/School: | Department of Economics | |
| Credits: | 6 [equivalent to 12 CATS credits] | |
| Notional Study Hours: | 120 | |
| Level: | Honours (FHEQ level 6) | |
| Period: |
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| Assessment Summary: | EX 100% | |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must take ES20011 AND ( take ES20012 OR take ES20068 ) | |
| Description:
| Aims: The aims of this unit are to provide a good understanding 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. Skills: 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). Content: 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. | Before taking this module you must take ES20011 AND take ES20012 |
| Programme availability: |
ES30039 is Optional on the following programmes:Department of Economics
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Notes:
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