TAILIEUCHUNG - Lecture Microeconomics (20/e): Chapter 18 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

Chapter 18 - Public finance: Expenditures and taxes. This chapter addresses the main sources of government revenue and categories of government spending. We discuss and summarize the different philosophies regarding the distribution of a nation’s tax burden. We explain the principles relating to tax shifting, tax incidence, and the efficiency losses caused by taxes. It also discusses how the distribution of income between the rich and poor is affected by government taxes, transfers, and spending. | Chapter 18 Public Finance: Expenditures and Taxes Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. This chapter addresses the main sources of government revenue and categories of government spending. We discuss and summarize the different philosophies regarding the distribution of a nation’s tax burden. We explain the principles relating to tax shifting, tax incidence, and the efficiency losses caused by taxes. It also discusses how the distribution of income between the rich and poor is affected by government taxes, transfers, and spending. Government and the Circular Flow (1) Costs RESOURCE MARKET PRODUCT MARKET BUSINESSES HOUSEHOLDS (4) Goods and services (7) Expenditures (8) Resources (9) Goods and services (4) Goods and services (10) Goods and services Net taxes (12) Net taxes (11) (3) Consumption expenditures (3) Revenues GOVERNMENT (2) Land, labor, capital Entrepreneurial

• Quản lý Nhà nước
• Lecture Microeconomics
• Economic problem
• Economic principles
• Economic policies
• Public finance
• Government finance
• Microeconomics theory
• Microeconomics applications
• Kinh tế vĩ mô
• Scope of microeconomic theory
• Normative analyses
• Demand curves
• Supply curves
• Consumer choice
• Theory of consumer choice
• Consumption choices
• Substitution effects
• Consumer choice theory
• Excise subsidies
• Economic efficiency
• Competitive equilibrium
• Relating output to inputs
• Empirical estimation
• Cost of production
• Shortrun cost
• Profit maximization
• Perfectly competitive markets
• Competitive model
• Excise taxation
• Monopolist’s demand
• Marginal revenue curves
• Product pricing
• Monopoly power
• Monopolistic competition
• Cournot model
• Game theory
• Economics of information
• Noncompetitive market models
• Iterated dominance
• Input demand curve
• Leisure choice
• Wage rates
• Minimum wage
• Hidden costs
• General equilibrium analysis
• Public goods