Welfare Economics (6 ECTS)
The module Welfare Economics contemplates the Theory of Market Failure from a public finance perspective and provides advanced methods for analysing public expenditure. Students shall learn to analyse fundamental problems of a welfare state in an independent manner and to assess the economic importante of central welfare institutions within a market economy.
The course content comprises, among others:
- Insurance role of the welfare state
- Market failure and insurance
- Ensuring labour income through the State
- Redistribution by means of income taxation
- Public supply of private goods
- Poverty alleviation