ch05 - MICROECONOMICS: Theory & Applications Chapter 5:...

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MICROECONOMICS: Theory & Applications Hamid E Ali Chapter 5: Consumer Choice Theory Applications
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2 Learning Objectives Determine how an excise subsidy affects consumer welfare and why it results in a deadweight loss. Examine how the public provision of a certain quantity of a good such as education may lead to less consumption of the good. Analyze how a voucher program would affect the quantity of educational services chosen by parents for their children. (continued)
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3 Learning Objectives (continued) Explore the impact of per-bag charges versus a fixed annual fee on the amount of trash generated by a community, recycling, and household welfare. Develop an intertemporal model that illuminates the consumer’s choice to save or borrow and shows how changes in endowment and the interest rate affect that choice. Understand how the theory of consumer choice can explain what types of financial assets an individual intent on saving for the future should purchase, or invest in.
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This note was uploaded on 04/07/2011 for the course MPPA 503 taught by Professor Selim,tarek during the Spring '11 term at American University in Cairo.

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ch05 - MICROECONOMICS: Theory & Applications Chapter 5:...

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