Economic surplus

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Related lectures (31)

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Assessing Environmental Costs: Travel, Noise, and Housing

Explores methods to assess environmental costs, including travel expenses and external costs of noise and housing.

Introduction to Demand: Optimizing Agents and Willingness to Pay

Covers optimizing agents and the transition from willingness to pay to demand.

Supply: Determinants and Surplus

Explores the determinants of supply, surplus, and price responsiveness in the market.

Demand & Supply: Understanding Economic Behavior

Explores the core principles of demand and supply in economics, including marginal benefit, willingness to pay, and market demand.

Market Regulation: External Benefits and Subsidies

Examines market regulation, focusing on external benefits and the effects of subsidies on equilibrium price and quantity.

National Savings and Investments

Explores the connection between national savings, investments, and borrowing between countries.

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Demand Analysis: Estimating Surpluses and Functions

Covers demand analysis for photovoltaic panels, focusing on estimating surpluses and demand functions for two families.

Market Equilibrium: Buyers and Sellers

Explores market equilibrium in land and real estate economics, focusing on buyer and seller selection based on willingness to pay or receive.

Market Dynamics: Social Welfare and Economic Models

Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.

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