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Unit 4. Markets and welfare

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Content:

4.1 Consumer surplus
4.2 Producer surplus
4.3 Efficiency and economic welfare
4.4 Changes in economic welfare (taxes)

Bibliography:

  • Krugman 4. The market strikes back
  • Krugman 5. Elasticity and taxation
  • Class notes

Multimedia resources:

Suggested reading:


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RECENT ADDITIONS

> The course starts on February 1.

UPM
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