The purpose of the course Welfare Economics (download pdf 1 MB) is to provide a thorough yet practical overview of important concepts and methods in welfare economics, with special emphasis on cost-benefit analysis. After a brief introduction, we emphasize how to measure welfare changes on individuals and how to aggregate such individual changes at the national or regional level. We then consider the implications of recent developments on investment in networks and on reference-dependent preferences. A large part of the course is then devoted to the study of particular applications of welfare economics to the transport sector. This includes the relation between externalities, pricing and investment, evaluating energy policies in the transport sector, transport policies with multiple governments, examples of practical cost benefit analyses, etc.
The course will take place from 11th to 15th December 2017 at the University of Antwerp (see practical information).