Mostly summarized from Gregory Mankiw’s Principles of Economics, 5th Ed.

PART 3 Markets and Welfare

Chapter 8 of 36 Application: The Costs of Taxation

Section 1 of 11

…

Chapter 8 Topics:

The Deadweight Loss of Taxation

How a Tax Affects Market Participants

Deadweight Losses and the Gains from Trade

The Determinants of the Deadweight Loss

The Deadweight Loss Debate

Deadweight Loss and Tax Revenue As Taxes Vary

The Laffer Curve and Supply-Side Economics

… …

deadweight loss

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