4 Equilibrium

Unit 4: Thursday 2/27, Tuesday 3/4, Thursday 3/6

Assignments 1-6 are due Friday 3/7 at 5pm. At this time, answer keys are published on blackboard, so no late work is accepted for any reason.

Assignment	Available in class	Available online	Template	Quiz
4.1 Invisible Hand	2/27	2/27	qmd	quiz A
4.2 Elasticity	2/27	2/28	qmd
4.3 Taxes	3/4	3/4	qmd	quiz B
4.4 Graddy (2006)	3/4	3/5	qmd
4.5 Price Controls	3/6	3/5	qmd	quiz C
4.6 Tariffs and protectionism	3/6	3/6	qmd

Video Content

If you want to watch the assignment videos ahead of time, here they are!

• 4.1 Invisible Hand
  • Understanding the Supply Curve: Shifts and Producer Surplus
  • The Equilibrium Price and Quantity
• 4.2 Elasticity
  • Elasticity of Demand
  • Elasticity of Supply
• 4.3 Taxes
  • Tax Revenue and Deadweight Loss
• 4.4 Graddy (2006)
  • No videos
• 4.5 Price Controls
  • Price Ceilings: Shortages and Quality Reduction
  • Price Ceilings: Lines and Search Costs
  • Price Ceilings: Misallocation of Resources
  • Price Ceilings: Rent Controls
  • Price Floors: The Minimum Wage
• 4.6 Tariffs and protectionism
  • TBA