7_-_learning_goal_outline.docx | |
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the_rich_really_are_different_-_bloomberg_view.pdf | |
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After this chapter, you will be able to
LO1 Describe the concepts of consumer surplus, producer surplus, and deadweight loss, and explain how these concepts can further our understanding of the operation of markets L
O2 Distinguish between spillover costs and benefits, and identify the ways that government addresses these issues
LO3 Summarize how income is distributed among Canadian households, how this distribution is measured, and the factors underlying this distribution
LO4 Identify the causes of poverty and the way poverty is measured
LO5 Evaluate the effectiveness of government intervention to change the distribution of income
LO1 Describe the concepts of consumer surplus, producer surplus, and deadweight loss, and explain how these concepts can further our understanding of the operation of markets L
O2 Distinguish between spillover costs and benefits, and identify the ways that government addresses these issues
LO3 Summarize how income is distributed among Canadian households, how this distribution is measured, and the factors underlying this distribution
LO4 Identify the causes of poverty and the way poverty is measured
LO5 Evaluate the effectiveness of government intervention to change the distribution of income