You are here

Welfare economics and externalities

17 December, 2015 - 12:13

Learning Objectives

In this chapter we will explore:
  1. Equity and efficiency
  2. Consumer and producer surplus
  3. Efficient market outcomes
  4. Taxation surplus and efficiency
  5. Market failures – externalities
  6. Other market failures
  7. Environment and climate change
  8. Equity, justice and efficiency