lecture+remainder+of+chapter4+also+chapter+6

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1 Effect of a Quota on the Market for Taxi  Rides
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2 Effect of an Excise Tax Levied on the  Sales of Taxi Rides
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3 Effect of an Excise Tax Levied on  Purchases of Taxi Rides
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4 The Revenue from an Excise Tax
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5 of 35 ►ECONOMICS IN ACTION Macroeconomics vs. Microeconomics MICROECONOMIC QUESTIONS MACROECONOMIC QUESTIONS What determines the cost to a university or college of offering a new course? What determines the overall level of prices in the economy as a whole? What government policies should be adopted to make it easier for low-income students to attend college? What government policies should be adopted to promote full employment and growth in the economy as a whole? What determines whether Citibank opens a new office in Shanghai? What determines the overall trade in goods, services and financial assets between the U.S. and the rest of the world?
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6 of 35 ►ECONOMICS IN ACTION Macroeconomics vs. Microeconomics In macroeconomics, the behavior of the whole macroeconomy is, indeed, greater than the sum of individual actions and market outcomes. Example:
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