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Economics Lecture Twelve (view source)

Revision as of 22:19, November 22, 2009

207 bytes added ,  22:19, November 22, 2009
economic rent
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{{Economics_Lectures}}
 
{{Economics_Lectures}}
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address student question about whether "economic rent" equals the "deadweight loss."  "Economic rent" is a type of deadweight loss.  Taxes also cause deadweight loss.  Define "rent seeking" behavior, a term first coined in 1967 by Tullock.
    
<add: Lorenz curve - an obscure topic on CLEP worth one question>
 
<add: Lorenz curve - an obscure topic on CLEP worth one question>
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include concepts not covered last week in list of remaining concepts.
 
include concepts not covered last week in list of remaining concepts.
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find "Acres of Diamonds" story?
      
discuss economics of bus project?
 
discuss economics of bus project?
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