Oral presentation (job interview simulation) scheduled during formal TR2 examination period

Economics of Social Policy

BX3024 - Economics of Social Policy

This subject explores the economics behind social policy, which governments use to raise social and economic welfare. The subject starts exploring economic concepts of measuring (changes in) social welfare. Subsequently, the subject discusses the costs (in terms of taxation) and the gains (in terms of expenditure programs) of social policy, applied to some key areas of social policy including the labour market, education and (public) health care. Understanding the economic rationale behind social policy allows students to better anticipate government decision making regarding social policy, which is an essential skill to any student who is or intends to be involved in social policy development or in employment affected by social policy.

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[Anti-requisite] BX3024 EC2003 EC3415 Offerings: All

Introductory subjects in Economics and Statistics

Introductory subjects in Economics and Statistics Offerings: All

EC5207 - Economics of Social Policy

Critically evaluate, (applying concepts discussed in this subject), the possible impact of a chosen policy change on affected economic agents and on social and economic welfare

Use theoretical models and concepts regarding the behaviour of economic agents to critically evaluate the costs and benefits of social policy

Synthesise and interpret theoretical models, concepts and the behaviour of economic agents relevant to social and economic welfare