Garis besar topik
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In this chapter, we take up the topic of welfare economics, the study of how the allocation of resources affects economic well-being. We begin by examining the benefits that buyers and sellers receive from engaging in market transactions. We then examine how society can make these benefits as large as possible. This analysis leads to a profound conclusion: In any market, the equilibrium of supply and demand maximizes the total benefits received by all buyers and sellers combined. Please download these material:
1. Powerpoint PPT: https://drive.google.com/file/d/1cha0jWxuRwIHc-GXwjfSVMQBdYB3Ch8T/view?usp=sharing
2. Book Mankiw Microeconomics Chapter 7 : https://drive.google.com/file/d/1q7uC-ogt-uDPX3lyS56CMOBiqCqCg_f3/view?usp=sharing
3. Youtube video: -
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