Universität Wien

040244 KU Welfare Economics (BA) (2024W)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle
Di 22.10. 13:15-14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Dienstag 01.10. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 02.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 08.10. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 09.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 15.10. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 16.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Mittwoch 23.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 29.10. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 30.10. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 05.11. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 06.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 12.11. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 13.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 19.11. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 20.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 26.11. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 27.11. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 03.12. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 04.12. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 10.12. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 11.12. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 17.12. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Dienstag 07.01. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 08.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 14.01. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 15.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 21.01. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 22.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Dienstag 28.01. 13:15 - 14:45 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 29.01. 13:15 - 14:45 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

Aims: Welfare economics proposes methods for providing a social ranking of resource allocations based on explicitly stated value judgments. It is used to evaluate the impact of public policy or the social value of implementing certain large projects. This course introduces students to some controversies and basic concepts in Welfare Economics, covering some applied measurement tools through simple examples. It also explores recent developments that extend beyond the traditional welfarist approach. By the end of the course, students should be able to rigorously argue on issues related to ordinal vs. cardinal utility, the limits of Pareto optimality, the compensation principle, and the meaning of various social welfare functions. Additionally, they should be capable of calculating money measures of the welfare impact of certain policy changes in simple numerical examples.

Contents: Pareto optimality and the fundamental theorems of welfare; Kaldor-Hicks compensation; social welfare functions; welfare measurement for producers; Hicksian vs. Marshallian measures of consumers' welfare; market failures; cost-benefit analysis; public choice; Coase theorem; functionings and capabilities; welfare vs.~well-being

Method: Since graded activities may vary throughout the semester, it is crucial that students regularly check the course's news forum on Moodle for updates on current learning goals and course developments. All materials, including annotated presentations and solved problems, will be made available on Moodle. Course participants are expected to attend lectures regularly, participate in discussions, and complete the graded activities posted on Moodle. In the exams, students are expected to demonstrate a comprehensive understanding of the content and materials presented in class and provided on the course platform.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Grading: The final course grade will be based on class participation (10 %), graded Moodle activities (20 %), midterm (30 %) and final exam (each 40 %). Students are encouraged to use the forum actively for interaction beyond the lecture and, in case of difficulties, to contact the lecturer during office hours.

Exam dates
Midterm: Wed., November 20, 2024, at 13:15--14:45 in lecture hall 5.
Final: Wed., January 29, 2025, at 13:15--14:45 in lecture hall 5.
Retake: Wed., February 19, 2025. Time and date to be announced.

Mindestanforderungen und Beurteilungsmaßstab

To achieve a minimum passing grade, students must satisfactorily complete all assessment components and attain at least 50\% of the total points. Grading scales will be as follows: 0-49% - fail; 50-63% - pass; 64-74% - satisfactory; 75-86% - good; 87-100% - excellent.

Prüfungsstoff

All contents and material presented in class and made available on the course platform.

Literatur


  • Richard E. Just, Darrell L. Hueth, and Andrew Schmitz, The Welfare Economics of Public Policy, Edward Elgar, 2004.

  • Per-Olov Johansson, An Introduction to Modern Welfare Economics, Cambridge University Press, 1991. Available online through the university library at https://doi-org.uaccess.univie.ac.at/10.1017/CBO9780511582417

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 23.08.2024 16:45