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