Slide 1Copyright 2000 Addison-Wesley Longman PART 1 ECONOMIC THEORY,CONCEPTS, AND METHODS Slide 2 Copyright 2000 Addison-Wesley Longman CHAPTER 1 COMPETITION, MONOPOLY, AND…

Slide 1McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 03 The Concept of Elasticity and Consumer and Producer Surplus…

Slide 1c h a p t e r f o u r ARE 201 Hendrickson Economic Efficiency, Government Price Setting, and Taxes Slide 2 CHAPTER 4: Economic Efficiency, Government Price Setting,…

Slide 11 of 40 Economic Efficiency, Government Price Setting, and Taxes CHAPTER 4 Chapter Outline and Learning Objectives 4.1Consumer Surplus and Producer Surplus 4.2The…

Slide 1c h a p t e r f o u r © 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick OBrien1 st ed. Prepared by: Fernando & Yvonn Quijano…

Slide 1Competition and the Market Productive Efficiency and Allocative (Economic) Efficiency Slide 2 Topics to be Discussed Evaluating the Gains and Losses from Government…

Slide 11 Ch 10: Competitive Markets: Applications Often government intervene in markets, even perfectly competitive markets, for a variety of reasons Equity (instead of efficiency)…

Slide 1Applications of supply and demand Comparative statics and government policy Slide 2 Comparative statics The simple supply and demand model we have developed can be…

Slide 1© 2009 Prentice Hall Business Publishing Essentials of Economics Hubbard/OBrien, 2e. Fernando & Yvonn Quijano Prepared by: Chapter 4 Market Efficiency and Market…

Slide 1© 2013 Pearson Education, Inc. Publishing as Prentice Hall Economic Efficiency, Government Price Setting, and Taxes CHAPTER 4 Chapter Outline and Learning Objectives…