This lecture covers some concrete examples of calculations related to demand curves, demand functions, and inverse demand functions. It covers price elasticity of demand calculations as well as consumer surplus calculations. There is a discussion of the meaning of these quantities as well.
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This lecture focuses on microeconomic modeling of market failures resulting from negative and positive externalities (with the aim of applyi...
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We continue to discuss the economics of natural resources in this lecture, with a particular focus on timber rotations. In the previous lect...
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In this lecture, we close our discussion of forest/timber economics by putting an "economic rent" lens on the different rotations ...
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