ECON477 WELFARE ECON. & THEORY OF SOCIAL CHOICE
| Course Code: |
3110477 |
| METU Credit (Theoretical-Laboratory hours/week): |
3(3-0) |
| ECTS Credit: |
6.0 |
| Department: |
Economics |
| Language of Instruction: |
English |
| Level of Study: |
Undergraduate |
| Course Coordinator: |
|
| Offered Semester: |
Once in several years. |
Course Content
This course systematically develops the foundations of modern welfare economics. In particular, the twin pillars of positive economics and ethical premises are stressed and both the weaker ethical premises underlying economic efficiency and the stronger ones underlying social welfare maximization are examined. The techniques that constitute the important ingredients in the constructive use of economics in policy making are developed.
