MICROECONOMICS


LESSON 2


Rents and Externalities


Topic 1: The Benefit From Consumption: Consumer Surplus

Topic 2: Opportunity Costs and Rents

Topic 3: Putting It Together: The Gain From Trade

Topic 4: The Incidence of Commodity Taxation

Topic 5: Externalities

Topic 6: Collusion Among Suppliers

Topic 7: Welfare Economics

General Readings

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PREPARED BY

John E. Floyd
Professor of Economics, University of Toronto
Toronto, Ontario, Canada

Copyright, John E. Floyd
j.floyd@utoronto.ca