ECONOMICS OF THE WELFARE STATE

Code Cours
2324-IÉSEG-M1S1-IBE-MA-FI65UE
Language of instruction
English
Teaching content
INTERNATIONAL BUSINESS
This course occurs in the following program(s)
Training officer(s)
C.FAVIER
Stakeholder(s)
Cristina FAVIER
Level
Master
Program year
Period

Présentation

Prerequisite
none
Goal
At the end of the course, the student should be able to :
- understand why Welfare States exist;
- Understand how benefit design tries to reduce moral hazard and poverty traps.
Presentation
1. Welfare States
1.1 Why did welfare states emerge? How did they develop?
1.2 The building blocks: Social insurance, social assistance, and individual insurance;
1.3 The economics of state intervention;
1.4 The economics of insurance, moral hazard and adverse selection;

2. Welfare state’s main schemes (excluding pensions)
2.1 Unemployment insurance: make-work pay;
2.2 Social Assistance;
2.3 Child and family policies;

3. Pensions
3.1 The traditional pay-as-you-go arrangement;
3.2 A demographic bomb?
3.3 The implicit debt problem;
3.4 Case studies on pension systems and reforms.

Modalités

Organization
Type Amount of time Comment
Présentiel
Cours interactif 16,00
Autoformation
Recherche 10,00
Travail personnel
Group Project 6,00
Overall student workload 32,00
Evaluation
Individual implication during lectures (punctuality, class attendance, contributing to discussion, written answers)
Group research (written document + presentation + discussion).
Control type Duration Amount Weighting
Contrôle continu
Présentation orale 0,40 1 30,00
Participation 16,00 1 20,00
Examen (final)
Examen écrit 2,00 1 50,00
TOTAL 100,00

Ressources

Bibliography
Nicholas Barr (2012). Economics of the Welfare State. Fifth Edition. Oxford University Press. -