Peter J Wilcoxen > PAI 723 Economics for Public Decisions

Materials from Class

Copies of handouts. See the Course Outline page for readings in the textbook or exercises.

Demand, Supply and Markets

Wed Sep 6
Waiver market round 1; calculating CS, PS and SS; values before and after trading, and gains from trade; deriving demand from WTP in algebraic form.
Mon Sep 11
Deriving individual supply; solving for market equilibrium; effects of market equilibrium on individuals; calculating CS, PS and SS geometrically; Pareto efficiency; deadweight loss (DWL).

Household Choice and Cost Benefit Analysis

Producer Behavior and Market Structure

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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 09/11/2017