Principles of Microeconomics - Open Textbook LibraryThe theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the welfare of the representative household. This essay discusses the policy debate concerning optimal taxation and the distribution of income. It begins with a brief overview of trends in income inequality, the leading hypothesis to explain these trends, and the distribution of the tax burden. It then considers the normative question of how the tax system should be designed. Should the income tax system include a tax credit for short taxpayers and a tax surcharge for tall ones?
Principles of Economics 4th Edition N Gregory Mankiw
Publisher: OpenStax. Attribution CC BY. The textbook covers most of the intro-level standard microeconomic materials and provides students a relatively full picture of the microeconomic landscape with real-world examples. I do hope it can incorporate more heterodox and historical I do hope it can incorporate more heterodox and historical perspectives and research, so students can be exposed to the arguments and contribution made by Institutionalists, Marxists, etc on a variety of topics in microeconomics and get the impression that many theories and issues are debatable and many terms have a historical context. I did use a real-world micro reader as a complementary text in teaching. It's a quite standard intro-level microeconomics textbook.
Published by Kyobo books. Seller Rating:. About this Item: Kyobo books. Condition: Fair. A readable copy. All pages are intact, and the cover is intact.
Ten Principles of Economics Video Clips · Quick Quiz Answers. Principles of Economics, 4th Edition. N. Gregory Mankiw ISBN ISBN
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