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ECON224 Welfare Economics for Policy

Updated: 06 May 2010
Credit Points 6
Offering
Responsible Campus Teaching Period Mode of Study Online Level
Armidale Semester 2 Off Campus A- Internet access required
Armidale Semester 2 On Campus A- Internet access required
Intensive School(s) None
Supervised Exam There is a UNE Supervised Examination held at the end of the teaching period in which you are enrolled.
Pre-requisites 24cp and ECON101
Co-requisites None
Restrictions AGEC205 or ARE211 or ARE311 or ECON324
Notes None
Combined Units ECON324 - Welfare Economics for Policy
Coordinator(s) Jack Sinden (jsinden@une.edu.au)
Unit Description

A unit on the application of the principles of welfare economics to the environmental, agricultural and industrial sectors. Particular attention is given to causes of market failure as they exist in those sectors and the types of policies that can correct the market failures. Examples are drawn from open-access grazing, water pollution, soil degradation, monopoly versus competitive marketing of agricultural and resource commodities, and decreasing-cost food processing industries.
Prescribed Material
Mandatory 		Text(s):

Note: Students are expected to purchase prescribed material

Introduction to Modern Welfare Economics
ISBN: 9780521356954
Johansson, P.O., CUP 1991
Text refers to: Semester 2 , On and Off Campus
Disclaimer Unit information may be subject to change prior to commencement of the teaching period.
Assessment
Title Exam Length Weight Mode No. Words
Assignment 1 15%
Assessment Notes
Word length not applicable due to the quantitative nature of the questions.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1 - 3
Assignment 2 15%
Assessment Notes
Word length not applicable due to the quantitative nature of the questions.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1 - 3
Assignment 3 15%
Assessment Notes
Word length not applicable due to the quantitative nature of the questions.
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1 - 3
Final Examination 2 hrs 55%
Relates to Learning Outcomes (LO) and Graduate Attributes (GA)
LO: 1-3 GA: 1, 2, 4, 6, 7

Learning Outcomes (LO) Upon completion of this unit, students will be able to:
  1. analyse problems as an economist using basic principles of welfare maximisation;
  2. determine if any 'market failure' exists; and
  3. assess alternative policies to ameliorate the effects of 'market failure.

Graduate Attributes (GA)
Attribute Taught Assessed Practised
1 Knowledge of a Discipline
This knowledge is extended through the teaching and learning activities of the unit. 		True True True
2 Communication Skills
 True True True
4 Information Literacy
 True True True
6 Problem Solving
 True True True
7 Social Responsibility
Social responsibility is extended through teaching of social choices. 		True True True
   

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