Duke Micro Econ Chapter 19 1.0.1

Taxes and subsidies, and the deadweight loss they generate are considered. The distinction between statutory and economic incidence is, of course, covered. The role of relative elasticities in determining economic incidence and deadweight loss is covered in some depth in this app. Taxes and subsidies on goods as well as wage taxes are considered.

This app contains 11 animated graphs with voice over that plays as graphs are drawn. Users can jump ahead to which ever graph or portion of graph is of interest.

Useful for any intermediate level undergrad micro economics course.

This app is based on Chapter 19 of _Microeconomics, An Intuitive Approach_, 2nd Ed by Thomas J. Nechyba, Department of Economics, Duke University, Durham, NC. However, the content is designed to be self-contained and stand alone and so will be beneficial to any intermediate micro economics student studying taxes, subsidies, deadweight loss and the role of elasticities.