Chapter 12 - Design of the Tax System-1

Chapter 12 - Design of the Tax System-1 - Before we start...

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Before we start Ch. 12 Extra office hours next Wednesday (day before 1st midterm exam) No discussion section next Friday (day after exam) or Extra credit opportunity  email to follow
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Taxes thus far in ECON200 Ch. 6 – Taxes Change Behavior Ch. 6 – Taxes Change Market Equilibrium Ch. 6 - Economic Incidence ≠ Statutory Incidence Ch. 6 - Economic Incidence depends on relative elasticities of supply and demand Ch. 8 – Taxes Distort Efficient
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Ch. 8, Figure 5 3 Tax Distortions and Elasticities Price Quantity 0 (a) Inelastic Supply (b) Elastic Supply Price Quantity 0 Demand Supply Demand Supply Si z e of ta x Si z e of ta x
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Ch. 8, Figure 5 4 Tax Distortions and Elasticities Price Quantity 0 (c) Inelastic Demand (d) Elastic Demand Demand Supply Price Quantity 0 Demand Supply Si z e of ta x Si z e of ta x
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Chapter 12 The Design of the Tax System
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Let’s read the newspaper…. Four different newspapers Four different articles, all relevant to topic of Ch. 12 All four published on the same day! (Wednesday, 9/28, 2011) PDFs posted on ELMS
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This note was uploaded on 12/30/2011 for the course ECON Econ 200 taught by Professor Clement during the Fall '11 term at Maryland.

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Chapter 12 - Design of the Tax System-1 - Before we start...

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