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Menu_16_Feb_11

Menu_16_Feb_11 - v Examples 3 Examples a Who bears the...

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TODAY’S MENU: Wednesday 16 February 2011 I. BUSINESS A. Practice Problems 1. Chapter 8: 1, 3, 7-13, 16, 20 II. SUBSTANCE A. Incidence of taxation 1. Motivation 2. Tools a. Elasticity b. Economic surplus i. Consumer surplus ii. Producer surplus iii. Government revenue iv. Deadweight loss
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Unformatted text preview: v. Examples 3. Examples a. Who bears the burden of a tax? b. How is economic surplus affected? III. NEXT TIME A. Finish Chapter 8: “Taxation and Government Intervention” B. Begin Chapter 12: “Production and Cost Analysis I”...
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