Principles of Macroeconomics

Info icon This preview shows page 1. Sign up to view the full content.

University of Wisconsin Department of Economics Economics 101: Principles of Microeconomics Korinna K. Hansen Learning Guide 11 Due Date: Week of Monday, May 7, 2007 Reading Assignment: Case & Fair Chapter 15 up to page 345. Also, all relevant lecture material. Problem Assignment: Problems 2, 5 & 8 on pages 352-353. Objectives: After completing the assignment you should be able to do the following: 1. Define a positive and a negative externality and give examples of externalities in consumption and production. 2. Graph and explain how a negative externality can be internalized with the appropriate level of
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: taxes. 3. Graph and explain how a positive externality can be internalized with the appropriate level of subsidy. 4. State Coase's theorem and understand its significance. 5. Define a public good and understand how public goods and their demand and equilibrium quantity differ from private goods. 6. What are some of the most important characteristics of public goods? 7.Given individual demand curves for a public good, you should be able to derive the aggregate demand and discuss the equilibrium quantity and prices both graphically and algebraically....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern