The actions people take are determined by potential welfare gains. Indeed, the gains from trade are what brings buyers and sellers together in markets. Unfortunately, however, not all private actions raise social welfare when markets are subject to taxes of other distortions. This course obtains general equilibrium shadow (or social) prices to identify welfare improving policy changes in these circumstances.
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Requisite and Incompatibility
You will need to contact the Research School of Economics to request a permission code to enrol in this course.
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