Charles Moss • Applied Welfare and Economic Policy Analysis ^*

Purpose: Develop a rigorous foundation for the use of Welfare Economics to value the gains and losses for economic policies. The course relies heavily on advanced Microeconomic theory.

Textbooks

Just, Richard E., Darrell L. Hueth, and Andrew Schmitz (2004) The Welfare Economics of Public Policy Edward Elgar.

Outline

The Theory of Welfare Economics • Part 1
- Lecture I: Welfare and Economic Policy Analysis — An Introduction Overheads
  - An Introduction to Welfare Economics and Policy Analysis (Just, Hueth, and Schmitz Chapter 1)
  - Hicks, J.R. (1939) The Foundations of Welfare Economics Economic Journal 49(196), 696-712.
  - Samuelson, P.A. (1942) Constancy of the Marginal Utility of Income Studies in Mathematical Economics and Econometrics in Memory of Henry Schultz eds Lange, O,, McIntyre, F & Yntema, T.O. Chicago: University of Chicago Press, 75-91.
  - Hicks, J.R. (1943) Four Consumers’ Surpluses Review of Economic Studies 11(1), 31-41.
  - Willig, R.D. (1976) Consumer Surplus Without Apology American Economic Review 66(4), 589 – 597.
- Lecture II: Applied Price Theory Example and Pareto Optimality Overheads
  - Applied Price Theory Examples and Pareto Optimality (Just, Hueth, and Schmitz Chapter 2)
  - Currie, J.M., Murphy, J.A. & Schmitz, A. (1971) The Concept of Economic Surplus and Its Use in Economic Analysis Economic Journal 81(324), 741-799.
- Lecture III: Scitovsky Indifference Curves Overheads
  - De Scitovszky (1941) A Note on Welfare Propositions in Economics Review of Economic Studies 9(1), 77-88.
- Lecture IV: Compensation Principle and the Welfare Function Overheads
  - Compensation Principle and the Welfare Function (Part 1) (Just, Hueth, and Schmitz Chapter 3)
- Lecture V: Compensation Principle and the Welfare Function (Part 2) Overheads
- Lecture VI: Welfare Measurement for the Producer (Part 1) Overheads
- Lecture VII: Welfare Measurement for the Producer (Part 2) Overheads
- Lecture VIII: Consumer Surplus and Consumer Welfare Overheads
- Lecture IX: Finishing the Properties of Consumer Surplus Overheads
  - Lecture IXb: Multiple Demand Curves Overheads
An Introduction to Applications of Welfare Economics and Policy Analysis
- Lecture X: A Couple of Simple Examples of Policy Analysis Overheads
- Lecture XI: Log-Log Functions and Wheat — An Application Overheads
- Lecture XII: An Introduction to Trade Overheads
Theory of Welfare Economics • Part 2
- Lecture XIII: Willingness-to-Pay Mashallian versus Hicksian Demand Overheads
  - Lecture XIIIb: General Solution to the Social Welfare Problem Overheads
  - 2019 - Moss and Schmitz - Distribution of Productivity Gains
  - 2021 - Moss and Schmitz - Distributional Weights in Benefit-Cost Analysis
- Lecture XIV: Willingness-to-Pay — Inner and Outer Measures Overheads
- Lecture XV: Willingness-to-Pay Measures for Consumers Overheads
  - Closed Form of the Cobb Douglas Utility Function Notes
  - Constant Elasticity of Demand and Measurement of Consumer Surplus Notes
- Lecture XVI: Measure of Welfare Impact on Factors of Supply — Windfall Profits Tax Overheads
- Lecture XVII: Effect of Exogenous Income on Factors of Production — Derivation of the Household Production Model Overheads
- Lecture XVIII: Aggregation of Welfare Analysis Overheads
Applications of Welfare and Policy Analysis
- Lecture XIX: Welfare Effect of GM Crop Restrictions on Trade Overheads
  - Moss et al (2004) The Brave New World: Imperfect Information
- Lecture XX: Gains to Funding Agricultural Research Overheads
  - Moss, C.B. (2006) Valuing State-Level Funding for Reserarch: Results for Florida
  - Seale et al (2014) International Evidence on Cross-Price Effects
- Lecture XXIII: Externalities and Environmental Goods Overheads
  - Moss, C.B. and A. Schmitz (2014) Positive and Negative Externalities in Ag Production
- Applied General Equilibrium: A Primer Notes
  - Applied General Equilibrium - Mathematica Output Mathematica

^* This material represents teaching material designed and provided by Charles B. Moss and is not the affiliated with the University of Florida. The University of Florida is not responsible for its content.

Webstats by

Webpage Resources Provided by Charles B. Moss – charlesbmoss@gmail.com
www.charlesbmoss.com:8080

Charles Moss • Applied Welfare and Economic Policy Analysis *

Textbooks

Outline

Charles Moss • Applied Welfare and Economic Policy Analysis ^*