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Chapter 5 In-Class Lecture Notes
Chapter 5: Elasticities of Demand and Supply. Determinants of elasticity.
- Class notes
- • 4 pages •
Chapter 5: Elasticities of Demand and Supply. Determinants of elasticity.
Chapter 7 Notes
This in-class lecture on chapter 7 discusses the following topics: tax incidence, efficiency, burden of tax, excess burden of tax, incidence, inefficiency, elasticity, price ceilings, rent ceilings, black market, price floors, minimum wage, and quota. There is also a homework review for chapter 6 included at the end.
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- Class notes
- • 3 pages •
This in-class lecture on chapter 7 discusses the following topics: tax incidence, efficiency, burden of tax, excess burden of tax, incidence, inefficiency, elasticity, price ceilings, rent ceilings, black market, price floors, minimum wage, and quota. There is also a homework review for chapter 6 included at the end.
Chapter 8 Notes
This lecture on chapter 8 discusses the following topics: price supports, subsidies, global markets (imports & exports), tariffs, and quotas.
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- Class notes
- • 2 pages •
This lecture on chapter 8 discusses the following topics: price supports, subsidies, global markets (imports & exports), tariffs, and quotas.
Chapter 9 In-Class Lecture Notes
Chapter 9's lecture discusses Externalities (pollution, education, and healthcare). The topics included are marginal social cost, marginal benefit, marginal cost, production externalities, consumer externalities, and marginal private benefit.
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- Class notes
- • 2 pages •
Chapter 9's lecture discusses Externalities (pollution, education, and healthcare). The topics included are marginal social cost, marginal benefit, marginal cost, production externalities, consumer externalities, and marginal private benefit.