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MAE207 - International Welfare Economics

Unit details

Note: You are seeing the 2014 view of this unit information. These details may no longer be current. [Go to the current version]
Year2014 unit information
Enrolment modes:Trimester 2: Burwood (Melbourne)
Credit point(s):1
EFTSL value:0.125
Unit chair:

A Torre

Prerequisite:MAE101 and MAE102
Incompatible with: Nil
Contact hours:

1 x 1 hour class per week, 1 x 2 hour compulsory seminar per week


You will need to access substantial learning resources and experiences in CloudDeakin (Deakin’s online learning environment). Compliance with the Standards in computing, connectivity and student capability are a condition on your enrolment.


The subject matter of this unit is the rationale for government intervention in the market economy and its impact on social welfare.  The literature identifies three motives: (a) public interest motives based on market failure; (b) private interest motives, which lead to regulatory failure and (c) paternalistic motives, which are often driven by ‘equity’ or ‘social justice’ considerations. The principal types of market failures that will be covered are: externalised costs, externalised benefits, public goods, common resources and natural monopolies.


Assessment 1 (Individual) - In class tests - 30%

Assessment 2 (Group of 2-3 students) - Two components totalling 30%:

-Written report equivalent to 3000 words - 20%

-Oral presentation -10%

Examination 2 hours - 40%

Hurdle Requirement: achieve at least 50% of the marks available on the examination

Unit Fee Information

Student Contribution Rate*Student Contribution Rate**Fee rate - Domestic Students Fee rate - International students

* Rate for all CSP students, except for those who commenced Education and Nursing units pre 2010
** Rate for CSP students who commenced Education and Nursing units pre 2010
Please note: Unit fees listed do not apply to Deakin Prime students.

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