- Students can understand and apply microeconomic models to analyze demand, supply and market equilibria in order to evaluate government interventions
- They can understand tax rates and redistribution through taxes.
- Be able to analyze the effects of taxes on markets and individuals, including tax pass-through and optimal taxation
- Identify market failures due to public goods and externalities and understand and analyze appropriate solutions.
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- Correlation vs. Causality
- simple difference estimator
- difference in differences estimator
- utility maximization
- market equilibrium with and without tax
- price elasticity of demand
- profit maximization
- price elasticity of supply
- consumer surplus
- producer surplus
- additional burden of taxation
- tax incidence
- consumption goods taxation
- welfare loss
- inverse elasticity rule
- optimal provision of public goods
- simplified Samuelson condition
- private provision of public goods, externalities: Individual profit maximization and social optimum
- property rights (Coase theorem)
- mergers, quantity regulation
- certificate trading
- tax theory, marginal tax rate
- average tax rate
- progressive and regressive taxation
- individual taxation
- family taxation
- marriage splitting
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