Unformatted text preview: Chapter 17 “Application of the Competitive Model: Externalities and Public Goods” Topics: Externalities. Public Goods. The (partial) competitive equilibrium is inefficient. Ways to solve the problem (Taxes, Subsidies, Quotas). Chapter 10 “General Equilibrium” Topics: Edgeworth Box, Pareto Efficiency, Dictator, Simple Bargaining, Competitive Equilibrium, First Welfare Theorem, Second Welfare Theorem, Production, Comparative Advantage. Not covered are the following subsections of the Book: Chapter 6 “Elasticity of Substitution,” “Productivity and Technological Change” Chapter 7 “How Learning reduces Costs,” “Costs of Producing Several Goods” Chapter 17 "Monopoly and Externalities," "Coase Theorem," and "Optimal Provision of Public Goods"....
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 Winter '08
 Burbidge,John
 Economics, Economies Of Scale, Supply And Demand, producer, residual demand curve

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