Chapter: 7 >> Krugman/Wells Economics ©2009 Worth Publishers Taxes.
11.1. Meaning ? If you have a lunch in a restaurant and your bill includes with some tax, does it mean that the charged tax is paid all by yourself?
Today zReview question #3 from last lecture zIncome elasticity of demand. zPrice elasticity of supply. zExcise taxes and tax incidence.
Micro Chapter 29 Presentation 1- Tax Incidence. Public Choice Theory Economic analysis of government decision making, politics and elections ***majority.
Most Important Micro Graphs. Non-graph Concepts Comparative Advantage problems –Calculating opportunity costs –Calculating terms of trade Elasticity –Calculating.
Market Failure and Government. Government and Market Failure Externalities Coase Theorum Public Goods Tax Types and Theories Wealth Disparity and Redistribution.
Today zIncome elasticity of demand. zPrice elasticity of supply. zExcise taxes and tax incidence.
Tax Incidence. Categories of Taxes Regressive Taxes: tax the poor more than the rich, in terms of percentage of income (e.g., sales tax) Progressive taxes:
