Consumers, Producers and the Efficiency of Markets
Über den Vortrag
Der Vortrag „Consumers, Producers and the Efficiency of Markets“ von James DeNicco ist Bestandteil des Kurses „Principles of Microeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- A Closer Look at the Consumer Surplus
- A Closer Look at the Producer Surplus
- The Dead Weight Loss of Taxation
- Elasticity and Dead Weight Loss
- Taxation and Trade
- Recap
Quiz zum Vortrag
Consumer surplus is created when a consumer’s willingness to pay is _______________ the price level and it _______________ when prices decrease.
- above; increases
- below; increases
- above; decreases
- below; decreases
Producer surplus is created when a producer’s cost is _______________ the price level and it increases when prices _______________.
- below; decrease
- below; increase
- above; decrease
- above; increase
Which of the following is true about levying a tax?
- Less elastic demand results in a smaller deadweight loss and the buyer bears a larger share of the tax burden.
- Less elastic demand results in a larger deadweight loss and the buyer bears a larger share of the tax burden.
- Less elastic demand results in a larger deadweight loss and the seller bears a larger share of the tax burden.
- More elastic demand results in a smaller deadweight loss and the seller bears a larger share of the tax burden.
Which of the following is true about increasing the size of a tax?
- Deadweight loss increases and tax revenue sometimes increases.
- Deadweight loss decreases and tax revenue increases.
- Deadweight loss increases and tax revenue increases.
- Deadweight loss increases and tax revenue decreases
A tariff _______________ over all surplus, but increases _______________ surplus.
- decreases; producer
- decreases; consumer
- increases; producer
- increases; consumer
Dozent des Vortrages Consumers, Producers and the Efficiency of Markets
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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