TAILIEUCHUNG - Lecture Principles of economics - Chapter 14: Public goods and tax policy

This chapter focuses on the economics of government spending and tax policy. This is the third of three chapters on the Economics of Public Policy; all three chapters apply the tools developed in Chapters 1 through 12 to a series of public policy issues. | Chapter 14 Public Goods and Tax Policy McGraw-Hill/Irwin Copyright © 2015 by McGraw-Hill Education (Asia). All rights reserved. Learning Objectives Use the concepts of rivalry and excludability to distinguish among private goods, public goods, collective goods, and common goods Show how economic concepts can be used to find the optimal quantity of a public good and describe the ways in which private firms can supply public goods Analyze the types of efficiencies and inefficiencies that are associated with provision of a public good Discuss the criteria that should be applied to taxation to promote efficiency Government Is Unique Government is the only organization with the power to compel actions Taxes Military service Imprison people All other institutions – family, business, charitable organizations, etc. – rely on voluntary transactions Government decisions can be analyzed using economic principles Public Goods Public good is a good that is both nonrival and nonexcludable A .

• Kinh tế học
• Principles of economics
• Lecture Principles of economics
• Public goods
• Tax policy
• Public goods
• Government decisions
• Ten principles of economics
• People face tradeoffs
• Opportunity cost
• Marginal changes
• Economics of information
• Consumer choice
• Free rider problem
• Market transactions
• Welfare Economics
• Consumer surplus
• Demand curve
• Efficiency of markets
• Nature of an externality
• Market inefficiency
• Negative externalities
• Principles of microeconomics
• Lecture Principles of microeconomics
• Scarce resources
• Scarcity implies choice
• Choice implies cost
• Principles of agricultural economics
• Agricultural economics
• Economics of agricultural production
• Theory of consumer behaviour
• Economics of market demand
• Dynamics in demand analysis
• Analysis of agricultural markets
• Agricultural markets
• Economics of trade
• Costs of taxation
• Deadweight loss
• Laffer curve
• Supply side economics
• Market forces
• Supply and demand
• Market economies
• Competitive Markets
• Thinking like an economist
• Economic models
• Circular flow diagram
• Production possibilities frontier
• The gains from trade
• Production possibilities
• Comparative advantage
• Absolute advantage
• Costs of production
• Total revenue
• Total cost
• Opportunity costs
• Price elasticity of demand
• Price elasticity
• Midpoint method
• Demand curves
• Factors of production
• Demand for labor
• Production function
• Marginal product of labor
• Controls on prices
• Price ceiling
• Price floor
• Market outcomes
• Theory of consumer choice
• Budget constraint
• Indifference curve
• Marginal rate of substitution
• Measuring nation’s income
• Economy’s income
• Gross domestic product
• Components of GDP
• International trade
• Determinants of trade
• Equilibrium without trade
• Production and growth
• Economic growth
• Monetary system
• Functions of money
• Federal reserve
• Central bank
• Open economy macroeconomics
• Economy macroeconomics
• Closed economy
• Open economy
• Common resource
• Types of goods
• Cost benefit analysis
• Aggregate demand
• Aggregate supply
• Short run economic fluctuations
• Economic fluctuations
• Tax system
• Federal Government
• Marginal tax rate
• Budget surplus
• Macroeconomic policy
• Debate over macroeconomic policy
• Stabilize the economy
• Monetary policy