All entries for Thursday 31 March 2005

March 31, 2005

Economics Notes – Social Welfare

In the first year of university, Ďrevision periodí was spent asking myself, ďHow are we supposed to remember all this stuff?!Ē The most pertinent question at the time was whether it was worth the effort given that the first year was simply a qualifying year. Students in other departments had a slightly greater incentive, with the year being worth 10% – 15% of the overall degree.

This year, the quality of the notes Iíve written limits how much itís possible to learn even with all the will in the world. For microeconomics in particular, the scrawl of equations and odd looking, half complete diagrams have rendered many pages useless. With a trip to the library (for books thatíll inevitably be on loan) being a last resort, Google is the next best alternative.

Iíll keep track of any links to useful information on the off chance there are any 2nd year Economists about.

First up is this set of lecture notes from City University on Welfare Economics.
Only just looked at it, but it seems to cover a fair bit of material though there don't appear to be any diagrams. Topic 5 in particular defines some basic principles, talks about social welfare functions, types of social welfare orderings and consequences for orderings of differing levels of utility comparability. This is the sort of thing covered early on in Term 2 with Chuck Blackorby.

You can access the lecture notes here.

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