| Language of Instruction |
İngilizce |
| Course Type |
Area Elective Courses |
| Course Instructor(s) |
DR. ÖĞR. ÜYESİ BAŞAK SEZGİN KIROĞLU |
| Mode of Delivery |
This course will be conducted face to face. |
| Prerequisites |
There is no prerequisite or co-requisite for this course. |
| Courses Recomended |
It is recommended that students who will take this course take İKT217 Micro Economic Theory I and İKT218 Micro Economic Theory II. |
| Recommended Reading List |
David, L. I. M. (2003). A Critique of Welfare Economics. Oxford University Press. Jones, C. (2009). Applied Welfare Economics. Oxford University Press. |
| Assessment methods and criteria |
Assignments, quizzes, midterm and final exam |
| Work Placement |
This is not appropriate for the course. |
| Catalog Content |
The Basis of Welfare Economics; History of Welfare Economics: Traditional Welfare Economics, 20th Century Welfare Economists; Basic Concepts: Social Welfare, Economic Surplus, Economic Efficiency, Utility, Income Distribution, Inequality, Equity, Public Goods, Externality; Fundamental Theorems of Welfare Economics: First Fundamental Theorem, Second Fundamental Theorem, Social Choice Theory, Arrow's Impossibility Theorem; Pareto Optimality; Social Welfare Function; The Optimal Distribution of Income; Measuring Welfare Changes; Criticism of Welfare Economics. |
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