PAI 723 Economics for Public Decisions > Materials from Class

Wed 9/6

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Topics

Willingness to pay, individual demand, marginal benefits and market demand
Willingness to accept, individual supply, market supply
Market equilibrium price and quantity
Consumer, producer and social surplus

Class Materials

Individual demand
Market demand
Individual supply
Market supply
Market equilibrium
Waiver market status

Other Resources

Readings and exercises on WTP and MB
Readings and exercises on WTA

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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 01/08/2024