Market Equilibrium, Government Policy & Elasticity
Completed by Rodrigo Pelayo Nuñez
October 24, 2024
6 hours (approximately)
Rodrigo Pelayo Nuñez's account is verified. Coursera certifies their successful completion of Market Equilibrium, Government Policy & Elasticity
What you will learn
Surplus & Social Welfare: Applying the concept of surplus to measure the welfare of an economy and use the supply and demand model to illustrate it
Impact of Government Interventions: Understand how government interventions (eg. price controls) impact social welfare using model of supply & demand
Price Elasticity of Demand: Learn how to classify goods based on their price elasticity of demand & predict how changes in price might affect revenue
Analysis of Tax Implications: Use the price elasticity of demand concept to determine the distributional and welfare effects of an excise tax
Skills you will gain
- Category: Political Sciences
- Category: Decision Making
- Category: Public Policies
- Category: Social Studies
- Category: Policy Analysis
- Category: Resource Allocation
- Category: Economics
- Category: Consumer Behaviour
- Category: Market Dynamics
- Category: Socioeconomics
- Category: Revenue Management
- Category: Supply And Demand
