EC361 – Social Welfare Economics & Cost-Benefit Analysis
Bachelor of Science in Economics
Core Course
EC361 – Social Welfare Economics & Cost-Benefit Analysis
Course Unit Code: EC361
Type Of Unit: Core
Level of Course Unit: First cycle
Year of Study: Third year
Semester: On demand
Number of ECTS Credits: 7.5
Class Contact Hours: 36
Mode of Delivery
Face to Face
Prerequisites
None
Course Objectives
The objective of this course is to provide students with the skills, knowledge and tools to perform financial and economic analysis of policies, programs, and projects and rank them in terms of efficiency and cost effectiveness and to study the effectiveness of government policies and government intervention.
Learning Outcomes
- Determine when a CBA may be performed in a meaningful way.
- Perform CBA under relevant modelling assumptions or approximations.
- Identify the elements that may compromise the validity of the CBA.
- Apply the tools of modern welfare economics.
- Analyze government policies using the tools of modern welfare economics and cost-benefit analysis.
Course Content
Course Features
Planned learning activities and teaching methods
Lectures; in-class discussion and debates; in-class exercises; problem sets; team work
Assessment methods and criteria
20% Class participation (including written class quizzes) and problem sets
30% Midterm
50% Final Exam
Language of Instruction
English
Readings
Textbooks:
1. Barr, N. (2020). The Economics of the Welfare State, 6th ed.
2. Boardman, A., Greenberg, D., Vining, A., and Weimer, D. (2018). Cost-Benefit Analysis Concepts and Practice, 5th ed.
Optional textbook:
3. Johansson, P. (1991). An Introduction to Modern Welfare Economics
English (UK) 
Ελληνικά