Table of Contents:
  • Pte. 1. Introduction to welfare economics: 1. Measuring changes in economic welfare: consumer and producer surplus
  • 2. Consumers and producers: some basic theory
  • 3. Welfare change in general equilibrium
  • 4. Equity and efficiency
  • Pte. 2. Project and policy appraisal in developing countries: 5. Project appraisal: an overview
  • 6. Shadow prices for traded and non-traded commodities in an open economy
  • 7. Trade policy, exchange rates and structural adjustment
  • 8. Labour markets in developing countries
  • 9. The social value of labour
  • 10. Intertemporal cost and benefits (1): a market-based approach
  • 11. Intertemporal costs and benefits (2): a social planning approach
  • Pte. 3. Missibg markets: 12. Externalities and public goods
  • 13. Risk and the measurement of welfare change
  • 14. Natural resources and the environment.