Tag: Markets and the Economics of the Public Sector

Purpose of Assignment In Week 2, students will employ the supply and demand model to develop consumer surplus and producer surplus as a measure of welfare and market efficiency. Students learn about welfare economics–the study of how the allocation of Read More …

imagine you have been assigned the responsibility of preparing a paper for the governor’s next economic conference. Prepare a 1,050-word paper addressing the following: Explain why equilibrium of supply and demand is desirable. Explain the following concepts using the concept of Read More …