Welcome to Lecture 8 of the online lecture series on Microeconomics I typically offered as a core paper to B.A.(P)/ SOL/ NCWEB students in their first semester and is also offered as a Generic Elective Economics

The textbook used in this video can be found here: https://drive.google.com/file/d/1gpL3...

We are referring to Chapter 8 on Application: The Costs of Taxation from the book by N. Gregory Mankiw Principles of Microeconomics I 6th edition

In this lecture, we discuss the following topics:
1. Introduction to Deadweight Loss
2. Comparison of total surplus with and without Tax
3. Determinants of Deadweight Loss
4. Deadweight Loss and Tax revenue
(The Case of Laffers Curve)


For more videos on this lecture series:
1.Controls on Prices (Mankiw Ch 6):    • Microeconomics| Price Ceiling| Price ...  
2.Taxes (Mankiw Ch 6):    • Microeconomics|Tax on Buyers & Seller...  
3. Consumer and Producer Surplus (Mankiw Ch 7):    • Consumer & Producer surplus| Microeco...  
4. Market Efficiency & Market Failure (Mankiw Ch 7):    • Market Efficiency| Market Failure| Ma...  
5. Budget Line, Indifference Curve (Mankiw Ch 21 Part 1):    • Budget Line| Indifference Curve| Cons...  
6. Consumer Equilibrium, Income Effects and Price Effects (Mankiw Ch 21 Part 2):    • Mankiw Ch 21 Part 2| Effects of Incom...  
7. Applications of Income and Substitution Effect (Mankiw Ch 21 Part 3):    • Mankiw Ch 21 Part 3 | Applications of...  
8. The Costs of Taxation (Mankiw Ch 8):    • Deadweight Loss of Tax | Costs of Tax...  


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