Economic Analysis of Social Policies studies the mechanisms of social protection that are at the core of the Welfare State using an Economics´ perspective. The course has three parts. The first part is a survey of basic results in Welfare Economics and Political Economy dealing with market failures, government policies and their failures. The second part deals with the distribution and redistribution of income and the measurement of inequality and poverty. The third part covers social policies: income maintenance and poverty reduction, pensions, and unemployment insurance.

Prerequisites: Yes (See syllabus)