Tuesday Wednesday Friday, 1:30-2:30pm
See Final Exam Info document for information on the final, including coverage and extra office hours.
Slides (see course outline for corresponding readings in optional text):
T1_intro_review T2_externalities T3_public_goods T4_inc_redist T5_healthcare T6_public_pensions T7_education
Review of Basic Consumer Theory
David Suzuki on Externalities
, Economics, and the Environment. Suzuki calls economics "a form of brain damage".
An economist responds
to Suzuki in the Globe and Mail.
Income Distribution and Taxing the Rich
(a Globe and Mail article by Kevin Milligan at UBC)
The 2012 Nobel Prize in Economics
Healthy Lifestyles may not save taxpayers money (a Globe and Mail "Economy Lab" blog entry by Chris Auld)
from "This American Life" (National Public Radio) that discusses non-cognitive skills development
This is a great episode. It deals with
economics, psychology, neuroscience, and policy. It's important for
people thinking about education policy, poverty, and welfare policy.
And it has lessons even for adults (like you) about how we learn and
how much control we have over our ability to learn, even as we get
older. And it gives you some insight into what I think is some of the
most exciting current research in the social sciences (this stuff is
way deeper than just research about education). It's also
hilarious in parts. The broad points from this clip (which is free to
listen to) will be fair game for the final exam
BC Budget calculator
If you'd like to get a sense of where provincial revenues come from and
what the money gets spent on, here's an online tool you can play with.
from The Economist on the fiscal cliff negotiations in the US. Focuses
on a discussion of whether marginal tax rates should be raised, with
some empirical evidence cited. Note how the discussion addresses
both the effect of marginal tax rates on economic activity and on
deadweight loss (even though DWL is not mentioned by name).
An interesting piece
on tax distortions arising from construction-related taxes. The
comments are as interesting as the blog post itself, with people
chipping in various other examples of strange taxes and associated
behavioural responses. Cocktail parties full of economists might be
interesting after all.
Ken Burns did a great documentary called Prohibition a year or so ago,
about the period in US history when alcoholic beverages were
banned. It's well worth watching. Prohibiting a good is
equivalent to putting a very high tax on it. Even lower taxes can
lead to behaviours similar to those resulting from prohibition. The
economics and politics and sociology of Prohibition is fascinating.
Here's a taste
Blogs you might enjoy
(Globe and Mail)
Worthwhile Canadian Initiative