Week # 14-15: Meaning & Criterion of welfare
Meaning of Economic welfare. Criteria of social welfare. Welfare Maximization. Welfare Maximization and perfect Competition
Market failure and public goods/social goods. Externality analysis.
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Course Material
- Week # 1-2: Monopolistic competition & concept of group and industry
- Week # 3-4: Optimization under monopoly and monopolistic competition
- Week # 5-6: Collusive & non-collusive oligopoly
- Week # 7-8: Game Theory
- Week # 9: Mid-Term Examination
- Week # 10-11: Labor Market & Wage Determination
- Week # 12-13: Pareto optimality & General equilibrium
- Week # 14-15: Meaning & Criterion of welfare
- Week # 16-17: Utility under Risk & uncertainty
- Week # 18: Final Term Examination
- Chapters 10
- Department Economics
- Teacher
Dr. Mahmood ul Hasan
