The Role of Markets

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Classic View

Demand

Supply

Consumer and Producer Surplus

The Interaction of Markets

Elasticity

Market Failure and Externalities

Information Failure

Public Goods

Government Intervention

Demand

MICRO – SUPPLY AND DEMAND

Demand

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

The Determinants of Demand and Shifts in the Demand Curve

Dr Patrick Gaule, Bristol University

MICRO – HOW ECONOMISTS THINK

Supply and Demand

Prof. Avinash Dixit, Princeton University

Supply

MICRO – SUPPLY AND DEMAND

Supply

Dr Patrick Gaule, Bristol University

MICRO – HOW ECONOMISTS THINK

Supply and Demand

Prof. Avinash Dixit, Princeton University

Consumer and Producer Surplus

MICRO – SUPPLY AND DEMAND

Supply and Demand

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Market Equilibrium and Welfare

Dr Patrick Gaule, Bristol University

The Interaction of Markets

MICRO – SUPPLY AND DEMAND

Demand

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

The Determinants of Demand and Shifts in the Demand Curve

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Supply

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Supply and Demand

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Market Equilibrium and Welfare

Dr Patrick Gaule, Bristol University

MICRO – SUPPLY AND DEMAND

Supply and Demand in Action

Dr Patrick Gaule, Bristol University

Elasticity

MICRO – ELASTICITY

Price Elasticity of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Variations in Price Elasticities of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Price Elasticity of Demand and Revenue

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

What factors affect the Price Elasticity of Demand?

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Price Elasticity of Demand and Government Policy

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Cross-Price Elasticity of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Income Elasticity of Demand

Prof. Subhasish Chowdhury, Sheffield University

MICRO – ELASTICITY

Price Elasticity of Supply

Prof. Subhasish Chowdhury, Sheffield University

Market Failure and Externalities

MICRO – MARKET FAILURE

When do markets work?

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

The Tragedy of the Commons

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Externalities

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Merit and Demerit Goods

Dr Maria Cubel, Bath University

MICRO – HOW ECONOMISTS THINK

Failures of the Invisible Hand

Prof. Avinash Dixit, Princeton University

MICRO – HOW ECONOMISTS THINK

Public Goods and Collective Action

Prof. Avinash Dixit, Princeton University

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Market Failure and the Efficiency Case for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Regulation of Externalities: Pollution Control

Dr Toke Aidt, University of Cambridge

Information Failure

MICRO – MARKET FAILURE

Imperfect Competition

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Adverse Selection

Dr Maria Cubel, Bath University

MICRO – MARKET FAILURE

Moral Hazard

Dr Maria Cubel, Bath University

MICRO – INDIVIDUAL ECONOMIC DECISION-MAKING

Asymmetric Information

Dr Maija Halonen-Akatwijuka, Bristol University

Public Goods

MICRO – MARKET FAILURE

Public Goods

Dr Maria Cubel, Bath University

MICRO – HOW ECONOMISTS THINK

Public Goods and Collective Action

Prof. Avinash Dixit, Princeton University

MICRO – THE ECONOMIC PROBLEM AND THE FACTORS OF PRODUCTION

Wants, Needs, and Types of Goods

Dr Simon Halliday, Bristol University

Government Intervention

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Market Failure and the Efficiency Case for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Other Reasons for State Intervention

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Taxation

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

The Deadweight Cost of Taxation and the Equity-Efficiency Trade Off

Dr Toke Aidt, University of Cambridge

MICRO - GOVERNMENT INTERVENTION IN MARKETS

Regulation of Externalities: Pollution Control

Dr Toke Aidt, University of Cambridge

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Competition Policy

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Competition Policy in Practice

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Natural Monopolies, Public Ownership and Regulation

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Deregulation

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Competition in the Market vs. Competition for the Market

Prof. Michael Waterson, Warwick University

MICRO – COMPETITION POLICY, PUBLIC OWNERSHIP AND REGULATION

Has Deregulation Gone Too Far?

Prof. Michael Waterson, Warwick University

Contents

Demand

Supply

Consumer and Producer Surplus

The Interaction of Markets

Elasticity

Market Failure and Externalities

Information Failure

Public Goods

Government Intervention