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Lecture
Environmental Regulation of Production
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Economic Innovations
Explores the economic impact of innovations, focusing on valuation, consumer surplus, and welfare effects.
Environmental Policy Instruments
Explores environmental policy instruments, external costs in production, market equilibrium, and the impact on producer and consumer surpluses.
Regulating Market Externalities: Taxes vs. Quotas
Explores the efficiency of using quotas to internalize external costs in markets, focusing on pollution, taxes, and tradable quotas.
Market Regulation: Tax and External Costs
Discusses market regulation through taxes to internalize external costs and their impact on market equilibrium.
Market Regulation: Addressing External Costs in Production
Covers optimal production analysis, external costs, and regulatory approaches like taxes and cap-and-trade systems.
Optimal Competitive Markets
Explores the equilibrium in competitive markets, the impact of non-competitive forces, and the role of government intervention in aligning markets with social welfare.
Market Regulation: Tax and Price Effects
Explores the impact of taxes on market equilibrium and welfare.
Production Factors Analysis: Short vs Long Run
Analyzes production factors in short and long run, isoquants, market equilibrium, and consumer surplus.
Pareto Efficiency and Social Welfare
Explores Pareto efficiency, social welfare, and asset pricing optimization in complete and incomplete markets.
Basics: Market
Covers market equilibrium, price adjustments, social welfare, and the importance of the market model.