Social transfers account for a substantial part of national income. Therefore, how transfers are designed, financed and distributed as benefits are vital for the pursuance and realisation of socially, economically and fiscally optimal results. The course unit, therefore, offers a solid grounding in the basic theoretical and analytical frameworks for analysing social protection financing systems and schemes that will enable students to address the following questions, inter alia:
i. How do we finance a certain overall level of social protection and/or a certain new benefit scheme?
ii. Who is paying for what in the social protection system?
iii. What determines the level of expenditure in social transfer system?
In addition, the course unit includes an examination of: social protection schemes; the economy and fiscal policy; social welfare and economic growth; financing systems for different benefit schemes; economic scenarios; basic techniques of social budgeting and cash flow statements; fiscal space for financing social protection schemes; and alternative cost effective options to deliver benefits.
On completion of this unit successful students will be able to:
Tailored feedback on the assessment in Turnitin via Blackboard within SEED’s guideline