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ES50052: Economics of fairness

Academic Year: 2018/9
Owning Department/School: Department of Economics
Credits: 6      [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: EX 100%
Assessment Detail:
  • EXAMINATION (EX 100%)
Supplementary Assessment:
ES50052B - RESIT EXAMINATION (where allowed by programme regulations)
Requisites:
Description: Aims:
The aims of this unit are to provide a good understanding at graduate level of the underpinnings of welfare economics and distributive justice beginning with the welfare properties of general equilibrium.

Learning Outcomes:
At a general level, students will be equipped with the ability to analyse economic decisions under the light of formal principles of economic welfare and fairness. At a more practical level, students will be able to choose among rules of fair division of resources, on the basis of the properties of these rules.

Skills:
Ability to develop rigorous arguments through precise use of concepts and mathematical models (Taught/Facilitated/Assessed)
Ability to select, summarise and synthesise written information from multiple sources (T/F/A)
Ability to select and use appropriate ideas to produce a coherent response to a pre-set question (T/F/A)
Comprehensive and scholarly written communication (T/F/A)
Concise and effective written communication (e.g. briefings/written exams) (T/F/A)
Effective oral communication (e.g. lecture question and answer) (F)

Content:
Pareto optimality and the Pareto criterion. Principles of distributive justice. Cardinal welfarism. Ordinal welfarism. Solutions to the problem of the Commons. Economic exploitation in general, and economic exploitation in capitalism.
Programme availability:

ES50052 is Optional on the following programmes:

Department of Economics

ES50052 is available for Auditing on the following programmes:

Department of Economics Department of Social & Policy Sciences

Notes:

  • This unit catalogue is applicable for the 2018/19 academic year only. Students continuing their studies into 2019/20 and beyond should not assume that this unit will be available in future years in the format displayed here for 2018/19.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Undergraduates: .
  • Postgraduates: .