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Back to Economic Growth and Distributive Justice Part II - Maximize Social Wellbeing

Economic Growth and Distributive Justice Part II - Maximize Social Wellbeing, Tel Aviv University

4.6
59 ratings
11 reviews

About this Course

If you really care about the big questions in the economies and societies of the 21st century, such as distributive justice - namely, inequality of income or wealth, and its correlation with economic growth - this course is meant for you. The knowledge you will gain can truly change your outlook on our world. "Economic Growth and Distributive Justice - Maximizing Social Wellbeing" is the second part of a two part course and it includes the following five lectures: (1) The excess burden of taxation (2) Tax incidence: who bears the economic burden of tax? (3) Progressivity: definition and ways to achieve (4) Low Income, Low Ability and the Optimal Income Tax Model (5) Designing the Tax and Transfer System that Maximizes Social Wellbeing If you haven't done that already, we strongly recommend that you register for the first part of the course: "Economic Growth and Distributive Justice - the Role of the State". Taking both parts of the course would enable you to obtain a fuller and more comprehensive knowledge about Economic Growth and Distributed Justice. The course is founded upon the elemental idea that the role of the state is to maximize the well-being - or simply the happiness - of its residents. In 9 fascinating, edifying lessons, using only simple words and decoding professional terminologies that sometimes baffle the intelligent layman, the course expounds many truths – both intuitive and unintuitive. Often using examples from the US and Europe, it does not however focus on policies in any particular region of the world, and is directly applicable to all countries around the globe. The course touches upon the essence of important concepts like efficiency and equity, inequality and poverty, gross domestic product, tax evasion and tax planning; it presents the work of Nobel Laureate James Mirrlees and his followers - promoting a coherent system that integrates tax and government expenditures to maximize social welfare; and illuminates a range of high-profile issues from their economic angle: • Climate change: the atmosphere and oceans as public goods, and how smart (Pigovian) taxation can be used to combat the rapidly increasing threats to our planet; • Technology as the engine of economic growth; • Taxing the rich: How can we mitigate the growing inequality problem? Should we impose a global tax on capital? The curriculum includes interviews with major figures in the fields of law and of economics: Harvard's Elhanan Helpman, Dan Shaviro from NYU and Richard Epstein from the University of Chicago and NYU. After successfully completing this course, you can expect to be able to: • better understand economic issues presented in the media • form an informed opinion on the strengths and weaknesses of presented social economic policies • define and measure inequality and poverty • define the connection between inequality (income, wealth) and economic growth • explain the foundations of economic growth • design a tax and transfer system to maximize the happiness of individuals All these will allow you to better understand the policies being developed around you, and to play a larger, more informed role in their development, as a conscientious citizen. In order to receive academic credit for this course you must successfully pass the academic exam on campus. For information on how to register for the academic exam – https://tauonline.tau.ac.il/registration Additionally, you can apply to certain degrees using the grades you received on the courses. Read more on this here – https://go.tau.ac.il/b.a/mooc-acceptance Teachers interested in teaching this course in their class rooms are invited to explore our Academic High school program here – https://tauonline.tau.ac.il/online-highschool This course is a direct extension of the first part "Economic Growth and Distributive Justice Part I -The Role of the State", so if you have not yet taken it, we highly recommend you start your learning from there (https://www.coursera.org/learn/economic-growth-part-1/home/welcome)....

Top reviews

By MB

Jun 11, 2017

I started with no knowledge of how to maximize social well-being. All of the lectures made sense. Great class.

By RG

May 26, 2017

Excellent course. Great presentation by professor. Should be required for elected representatives in Congress.

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11 Reviews

By Juan Pablo Pantoja Ruíz

Jan 09, 2018

It's a good course, gives you the basis of economic law principles that apply to tax law and policies regarding its distribution.

By Raz Weinstock

Nov 28, 2017

Thank you, it was fun.

By Joy Smith

Sep 11, 2017

good info about a boring subject. About week 5: quiz (not exam) has 2 "check all that apply" questions with the square check boxes. You can't tell how many answers to check unless you just know the answer. This type question is difficult to pass. However, to pass this quiz you must get all 4 out of 5 correct, therefore you have to answer at least one of the all that apply questions correctly.

By khar

Sep 01, 2017

Great course, the Teacher is amazing! Everithing is clear with incredible explanation!

By syedzainaliraza

Aug 02, 2017

This is an excellent course for introductory distributive justice.

By Ibrahim Niftiyev

Jun 20, 2017

If you are interested in the theme like the role of taxation in the redistribution process, then this course will be useful for you. However, the "economic growth" part of the title is a little bit misunderstandable.

By Michael Boyd

Jun 11, 2017

I started with no knowledge of how to maximize social well-being. All of the lectures made sense. Great class.

By Robert Gianino

May 26, 2017

Excellent course. Great presentation by professor. Should be required for elected representatives in Congress.

By Tomasz Koziel

Jan 08, 2017

Great course!

By Ganapati Krishnan

Sep 13, 2016

This course is great. It's obviously tougher than the Part 1, though not exactly a follow up on the first part, as it covers different areas. The course content is such that it did not become very statistics-oriented - and it had independent lectures by Nobel Prize winning economists too.

It's very easy to use the jargon that the course is suited for the layman, which it probably is not, but it's designed for ready understanding by a novice in economics, and Prof Yoram and his team have done a great job in putting this together. Thoroughly enjoyed it, even though at times I did have misgivings that I may not be able to complete it.