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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