Micro Mod 19: Readings


Micro Mod 19: Readings

Author
Message
NEAS
Supreme Being
Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)Supreme Being (5.9K reputation)

Group: Administrators
Posts: 4.5K, Visits: 1.6K

Microeconomics, Module 19, "Common property and public goods" (chapter 14)

Required reading:

(The attached PDF file has better formatting.)

Updated: June 28, 2005

{The Landsburg textbook is excellent. We say to read certain sections and to skip others. This does not mean that certain sections are better; it means that the homework assignments and exam problems are based on the sections that you must read for this course. Some of the skipped sections are fascinating, but they are not tested.}

Read section 14.1 on pages 477-481, skip the box at the bottom of page 481, and read the section "Property Rights" on the top of page 482. The final exam tests the two tables on pages 480 and 481 (page 480: "crowd size, value of a visit, and social marginal benefit; page 481: admission fee, crowd size, and social gain).

Read the sub-section "It Can Pay to Be Different" to understand how tastes affect this subject. The mathematics of this section is not tested on the final exam, but know that the analysis at the beginning of the chapter may not apply if consumers have different tastes.

Read section 14.2, "public goods," on pages 486-489; skip pages 490-493. Focus on the two types of market failure, non-excludability and non-rivalry, on pages 486 and 487.

Work through problems 1 and 2 on pages 493 and 494; these are good practice for the final exam questions.


Attachments
Micro.Module19.readings.pdf (862 views, 19.00 KB)
dackerr
Forum Newbie
Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)Forum Newbie (1 reputation)

Group: Forum Members
Posts: 1, Visits: 1
RE: Micro Mod 19: Readings

dackerr
Attachments
herbalviagra7.html (921 views, 4.00 KB)
buycheapphentermine9.html (838 views, 4.00 KB)
GO
Merge Selected
Merge into selected topic...



Merge into merge target...



Merge into a specific topic ID...





Reading This Topic


Login
Existing Account
Email Address:


Password:


Social Logins

  • Login with twitter
  • Login with twitter
Select a Forum....













































































































































































































































Neas-Seminars

Search