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Module 6 TOPHAT Reading
THESE NOTES HAVE EVERYTHING YOU NEED TO UNDERSTAND MODULE 6. These notes our from Indiana University Economics top hat reading module 6. These notes work through how price floors and price ceilings affect the market. It gives a detailed description of what happens in a black market, and what affects occur on consumer and producer surplus. There is a lot of information about taxes and subsides. It also discusses efficiency and equity. A lot of good information over the topic/idea of price floor...
- Summary
- • 7 pages •
THESE NOTES HAVE EVERYTHING YOU NEED TO UNDERSTAND MODULE 6. These notes our from Indiana University Economics top hat reading module 6. These notes work through how price floors and price ceilings affect the market. It gives a detailed description of what happens in a black market, and what affects occur on consumer and producer surplus. There is a lot of information about taxes and subsides. It also discusses efficiency and equity. A lot of good information over the topic/idea of price floor...
Module 7 TOPHAT Reading
THESE NOTES HAVE EVERYTHING YOU NEED TO UNDERSTAND MODULE 7. These notes our from Indiana University Economics top hat reading module 7. It is over market failures and externalities. I begin discussing the externalities and what they are. Then I compare positive and negative externalities and how they correlate with production. There is multiple equations. It discusses taxes, subsides and dead weight loss. A few important concepts that you need to know are coase theorm and the tragedy of the co...
- Summary
- • 6 pages •
THESE NOTES HAVE EVERYTHING YOU NEED TO UNDERSTAND MODULE 7. These notes our from Indiana University Economics top hat reading module 7. It is over market failures and externalities. I begin discussing the externalities and what they are. Then I compare positive and negative externalities and how they correlate with production. There is multiple equations. It discusses taxes, subsides and dead weight loss. A few important concepts that you need to know are coase theorm and the tragedy of the co...
Module 8 TOPHAT Reading
THESE NOTES COVER EVERYTHING YOU NEED TO KNOW FOR MODULE EIGHT. These notes are from the Module 8 TopHat Reading at Indiana University. I start by discussing everything needed to know about budget line and how price change and income change affects the budget line. I give plenty of examples to help practice this as well. Then I dive into preference and utility that goes into detail about total and marginal utility. There is also content about diminishing marginal utility. Following that, I have...
- Summary
- • 4 pages •
THESE NOTES COVER EVERYTHING YOU NEED TO KNOW FOR MODULE EIGHT. These notes are from the Module 8 TopHat Reading at Indiana University. I start by discussing everything needed to know about budget line and how price change and income change affects the budget line. I give plenty of examples to help practice this as well. Then I dive into preference and utility that goes into detail about total and marginal utility. There is also content about diminishing marginal utility. Following that, I have...
IU Module 1 TOPHAT Reading
The first module of the TopHat reading in Intro to Economics at Indiana University Bloomington discusses the background of what economics is. These notes go into detail to start scarcity and the categories economics deals with. It then moves to what opportunity cost is and marginal benefit and cost. MANY definitions, including what normative and positive economics is. These notes do the reading for you.
- Summary
- • 4 pages •
The first module of the TopHat reading in Intro to Economics at Indiana University Bloomington discusses the background of what economics is. These notes go into detail to start scarcity and the categories economics deals with. It then moves to what opportunity cost is and marginal benefit and cost. MANY definitions, including what normative and positive economics is. These notes do the reading for you.