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EKN120 Chapter 16-18

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08-11-2022

Covers chapter 16, 17 and 18 as set out in the EKN120 textbook "Economics, a Southern African Context"

Documents in this bundle

Summary

Summary EKN120 Chapter 18: International Trade

Summary EKN120 Chapter 16: Government and Market Failures

Summary EKN 120 Chapter 17: Fiscal Policy and Economics of Taxation

Nov 2022

2022/2023

R75

Connected book

J. van Rensburg, Campbell McConnell, Stanley Brue, Sean Flynn EBOOK: Economics: A Southern African Context, 3e

Edition:2021
ISBN:9781526848734
Edition:Unknown

Subjects

Economic basis for trade
International trade
Ekn120
Comparative advantage
Terms of trade
Opportunity–cost ratio
Trade barriers
Tariffs
Government and market failure
Characteristics of private goods
Characteristics of private good
Majority voting
Inefficient voting outcomes
Logrolling
Paradox of voting
Median-voter model
Government fa
Fiscal policy
Economics of taxation
Budget deficit
Contractionary fiscal policy
Expansionary fiscal policy
Problems
criticisms
& complications
Public debt
Apportioning tax burden
Tax incidence

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EKN120 Chapter 16-18

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