LESON21B - Econ 275 - Public Finance - Winter 1994 -...

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Econ 275 - Public Finance - Winter 1994 - 3/22/94 - Lesson #21 - leson21b.275-- Page -- Admin: Scheduling of Class presentations: Groups 1-5 on Tuesday, April 5. 10 minute presentations and then remainder of class will be devoted to questions and answers. Need to take group names and numbers 4/5: Medicaid, WIC, Social Security, Head Start, AFDC 4/7: CIA, NASA, Mental Health Benefits, Super (301), Postal Service 4/12: Review and evaluations. Last day of class will have one group, most of the time will be a review. Last 15 minutes will be course evaluation. Hand back reading #4 Need to get head start paper from Steve Densley Ch 11 - Taxation and efficiency (see leson23a.475, leson19a.275 and leson20a.275) Inefficiency shown with indifference curve analysis. Compare excise tax and lump sum tax. Partial Equilibrium Analysis When can this type of analysis be used. Excise (or commodity) taxes Use the overheads. Harvard Graphics taxinc1.prs, dtaxinc2.prs Shift in demand is perception on part of suppliers. Shift in Supply is perception on the part of consumers. Presentation: First draw a standard graph (for cigarettes) on the board. Use numbers from one of my overheads. Talk about equilibrium. Now the thought experiment of imposing an excise tax. Key difference is that now there are two prices, one for suppliers and one for consumers with the difference being the tax.
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LESON21B - Econ 275 - Public Finance - Winter 1994 -...

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