TAILIEUCHUNG - Lecture Microeconomics: Theory and applications (12/e): Chapter 10 - Browning, Zupan

Chapter 10 - Using the competitive model. In this chapter students will be able to: Show how changes in market conditions or government policies affect the welfare of consumers, producers, and market participants as a whole; analyze the effects of an excise tax on a specific good on the welfare of consumers, producers, and market participants as a whole; detail how regulation of the . airline industry affected fares, airline company profits, and service quality. | MICROECONOMICS: Theory & Applications By Edgar K. Browning & Mark A. Zupan John Wiley & Sons, Inc. 12th Edition, Copyright 2015 Chapter 10: Using the Competitive Model Prepared by Dr. Della Lee Sue, Marist College Learning Objectives Show how changes in market conditions or government policies affect the welfare of consumers, producers, and market participants as a whole. Analyze the effects of an excise tax on a specific good on the welfare of consumers, producers, and market participants as a whole. Detail how regulation of the . airline industry affected fares, airline company profits, and service quality. (continued) Learning Objectives (continued) Explain how the entry restrictions imposed by most major . cities on taxis affect fares and the profits earned by licensed taxi owners. Understand the effects of international trade on consumer and producer surplus and why a net gain results to a country from either imports or exports. Explore how government-specified maximum

• Kinh tế học
• Microeconomics theory
• Microeconomics applications
• Lecture Microeconomics
• Kinh tế vĩ mô
• Competitive model
• Excise taxation
• Scope of microeconomic theory
• Normative analyses
• Consumer choice
• Theory of consumer choice
• Consumer choice theory
• Excise subsidies
• 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
• Monopolist’s demand
• Marginal revenue curves
• Product pricing
• Monopoly power