Welfare Economics

Course Code :3404CMAT16
Study domain:Logistics Management
Academic year:2019-2020
Semester:1st semester
Contact hours:24
Credits:3
Study load (hours):84
Contract restrictions: Credit and exam contract not possible
Language of instruction:English
Exam period:exam in the 1st semester
continuous assessment
Lecturer(s)Bruno De Borger

3. Course contents *

The course is devided into six parts:

1. Introductory concepts (Pareto principle, social welfare, optimal welfare and welfare reform, etc.).

2. Evaluation of welfare changes at the individual level (surplus analysis, equivalent variations, interdependent and reference-dependent preferences, etc.)

3. Aggregating welfare changes

4. Applications to transport problems (pricing and investment, fuel saving policies, policy making with multiple governments etc.)

5. Principles of cost-benefit analysis (shadow prices, discount rates, treatment of wider economic benefits, etc.)

6. Applications of cost-benefit analysis (High speed rail, the third crossing of the river Scheldt, etc.)