TAILIEUCHUNG - Lecture Microeconomics: Theory and applications (12th edition): Chapter 5 - Browning, Zupan

Chapter 5 - Using consumer choice theory. In this chapter students will be able to: Determine how an excise subsidy affects consumer welfare and why it results in a deadweight loss, examine how the public provision of a certain quantity of a good such as education may lead to less consumption of the good, analyze how a voucher program would affect the quantity of educational services chosen by parents for their children. | By Edgar K. Browning & Mark A. Zupan John Wiley & Sons, Inc. 13th Edition, Copyright 2015 Chapter 5: Using Consumer Choice Theory MICROECONOMICS: Theory & Applications Prepared by Dr. Della Lee Sue, Marist College Learning Objectives Determine how an excise subsidy affects consumer welfare and why it results in a deadweight loss. Examine how the public provision of a certain quantity of a good such as education may lead to less consumption of the good. Analyze how a voucher program would affect the quantity of educational services chosen by parents for their children. (continued) Learning Objectives (continued) Explore the impact of per-bag charges versus a fixed annual fee on the amount of trash generated by a community, recycling, and household welfare. Develop an intertemporal model that illuminates the consumer’s choice to save or borrow and shows how changes in endowment and the interest rate affect that choice. Understand how the theory of consumer choice can explain what .

• Kinh tế học
• Microeconomics theory
• Microeconomics applications
• Lecture Microeconomics
• Kinh tế vĩ mô
• Consumer choice theory
• Excise subsidies
• Scope of microeconomic theory
• Normative analyses
• Consumer choice
• Theory of consumer choice
• Game theory
• Economics of information
• Demand curves
• Supply curves
• Consumption choices
• Substitution effects
• 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