• Chapter 24: Measuring the Wealth of NationsChapter 24: Measuring the Wealth of Nations

    What will you learn in this chapter? • How to calculate gross domestic product (GDP). • Why each component of GDP is important. • What different approaches are used to calculate GDP. • What the difference is between real and nominal GDP. • How to calculate the GDP deflator, GDP per capita, and the real GDP annual growth rate. • What limitatio...

    pdf11 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 8 | Lượt tải: 0

  • Chapter 23: Public Policy and Choice ArchitectureChapter 23: Public Policy and Choice Architecture

    • How to define choice architecture, and how nudges influence individual decision making. • In what ways human decision‐making does not conform to the model of full information and rational choices. • How demand for commitment devices can be rational. • How default rules affect people’s choices and the implications for policy. • How framing aff...

    pdf5 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 8 | Lượt tải: 0

  • Chapter 22: Political ChoicesChapter 22: Political Choices

    • What the predictions and assumptions of the median-voter theorem are. • What the characteristics of ideal versus real voting systems are. • How to explain the idea of a rational voter and rational ignorance. • Why policies that provide concentrated benefits to a few while imposing diffuse costs on the majority persist. • Why corruption and re...

    pdf8 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 8 | Lượt tải: 0

  • Chapter 21: Poverty, Inequality, and DiscriminationChapter 21: Poverty, Inequality, and Discrimination

    • What the difference is between relative and absolute measures of poverty. • How to explain different methods of measuring income inequality. • How income mobility differs from income equality. • What public policies reduce poverty and inequality and what the trade‐off is between equity and efficiency. • What relationship demographic differenc...

    pdf10 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 8 | Lượt tải: 0

  • Chapter 20: Taxation and the Public BudgetChapter 20: Taxation and the Public Budget

    • What the major public policy goals of taxation are. • How deadweight loss and administrative costs contribute to the inefficiency of a tax. • How taxes effect business revenue. • What differences exist between proportional, progressive, and regressive taxes. • What sources of tax revenue exist in the United States. • What the public budget i...

    pdf10 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 7 | Lượt tải: 0

  • Chapter 19: Public Goods and Common ResourcesChapter 19: Public Goods and Common Resources

    • What the difference is between rival and excludable goods and services. • What the free-rider problem is and what its consequences are. • What the tragedy of the commons is and what its consequences are. • How and when social norms, government regulation, and expansion of property rights can be used to solve problems with public goods or comm...

    pdf6 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 8 | Lượt tải: 0

  • Chapter 18: ExternalitiesChapter 18: Externalities

    • How external costs and benefits affect tradeoffs. • What effects externalities have on market price, quantity, and surplus. • What private solutions to externalities exist. • How taxes, subsidies, quantity regulations, and tradable allowances can be used to counteract an externality.

    pdf10 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 7 | Lượt tải: 0

  • Chapter 17: International TradeChapter 17: International Trade

    • What the definition is and root causes of comparative advantage. • How to determine whether a country will become a net‐importer/exporter of a good. • How to calculate change in surplus under trade. • What the effects of tariffs and quotas are on quantity, price, and welfare. • What the effects of trade are on factor distribution of income. ...

    pdf8 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 7 | Lượt tải: 0

  • Chapter 16: The Factors of ProductionChapter 16: The Factors of Production

    • How to define the factors of production and their contribution to output. • How to graph demand and supply curves for a factor of production. • How to find the equilibrium price and quantity for a factor of production. • What the effects of shifts in supply or demand are. • How to define human capital, and what its importance is in the labor ...

    pdf11 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 7 | Lượt tải: 0

  • Chapter 15: Monopolistic Competition and OligopolyChapter 15: Monopolistic Competition and Oligopoly

    What will you learn in this chapter? • What the features of oligopoly and monopolistic competition are. • How to calculate the short‐run and long‐run profit‐maximizing price and quantity for a monopolistically competitive firm. • What the welfare costs of monopolistic competition are. • How product differentiation motivates advertising and bran...

    pdf9 trang | Chia sẻ: thanhlam12 | Ngày: 14/01/2019 | Lượt xem: 7 | Lượt tải: 0