Economics Of Social Security

In this course presented and analysed are the economic dimensions of the social security system with help from tools of modern economics. These economic dimensions, as reflected in certain indicators, are crucial in achieving and assessing the distributional objectives of the system, as well as its effectiveness in the administration of the available resources. The course also provides a comparative review of the key features of the social security system in Greece and internationally. It highlights similarities and differences between systems internationally in terms of funding, benefits and distributive effects. The system is analysed macroeconomically and micro-economically. Within context is also investigated, historically and theoretically, the impact of social security system on economic growth. Particular emphasis is given to mapping and analysing the perspectives of the Greek social security system under the influence of contemporary demographic and economic trends. The aim of this course is for students to understand the economic dimensions and functions of the social security system and its challenges and opportunities in light of the social and economic developments.

Upon completion of the course students should be able to:
• understand and analyze the economic dimensions and functions of the social security system.
• critically assess the advantages and disadvantages of alternative social security systems in achieving certain goals of equity and efficiency.
• understand the peculiarities of the Greek system through a comparative analysis of social security systems developed in other countries.
• analyze systematically and in depth the dimensions of the social security system while becoming familiar with the use of tools and methods of economic science. This outcome should be facilitated through a written assignment.