NTU Course

Welfare Economics and Inequality

Offered in 114-1Updated
  • Notes
    The course is conducted in English。
  • NTU Enrollment Status

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  • Course Description
    This course offers an in-depth exploration of welfare economics, with a particular focus on the issues of inequality and distribution. Students will gain an understanding of economic theories, concepts, and tools that can be used to analyze and address social welfare and inequality issues. Topics covered include the foundations of welfare economics, measurement of inequality, poverty, redistribution, and the role of public policy. The course aims to enable students to critically evaluate economic policies and social institutions in order to promote a more equitable society.
  • Course Objective
    This course aims to equip students with a comprehensive understanding of welfare economics and inequality, enabling them to analyse economic, social, and political factors contributing to disparities. Students will learn to critically assess the role of markets, institutions, and public policies in addressing inequality, and develop the skills to engage in informed discussions on potential solutions for a more equitable society.
  • Course Requirement
  • Expected weekly study hours before and/or after class
  • Office Hour
  • Designated Reading
  • References
  • Grading
  • Adjustment methods for students
  • Make-up Class Information
  • Course Schedule
    Week 1Course introduction and preview of syllabus - Introduction to the course, expectations, and assessment
    Week 2Beauty Contest and Investment
    Week 3Measuring Inequality - Gini coefficient - Lorenz curve
    Week 4Foundations of Welfare Economics - Social welfare functions
    Week 5Exam 1 (tentative)
    Week 6Revision: Constrained Optimization
    Week 7Social mobility and intergenerational inequality
    Week 8inflation and interest rate
    Week 9Retirement planning
    Week 10Exam 2 (tentative)
    Week 11Optimal Linear Taxation
    Week 12Progressive taxation
    Week 13matching and searching
    Week 14Final Exam