EASP studies the mechanisms of social protection that are at the core of the Welfare State using a perspective from economics. The course has two parts. The first part is a survey of basic results in Welfare Economics and Political Economy dealing with market failures and government policies and failures in social policies, and with the distribution and redistribution of income. The second part covers social policies: income maintenance and poverty reduction, pensions, and unemployment insurance.
(Course also available for 3rd year undergraduate students).

Master Program Prerequisites: None

Undergraduate Program Prerequisites: Microeconomics I