I.Teaching Objectives: After studying this chapter,studentsshould be able to: 1.Analyze various types of govemment policy using only the tools of supply and demand. 2.Explain how policymakers use taxes both to influence market outcomes and to raise revenue for public purpose Ⅱ.Contents: 1.Controls on Prices 2.Taxes I.After-class exercises: In a supply-and-demand diagr amshow howa taxoncar buyersof per car affects the quar as s old and the price of cars.Inanother di price of cars.In both of your diagrams,show the change in the price paid by car buyers and the change in price received by car seller. IV.Teaching methods and aids: PPT,instruction,group discussion,case analysis etc PART3 MARKETSAND WELFARE CHAPTER 7 CONSUMERSS,PRODUCERS,ADN THE EFFICIENCY OF MARKETS I.Teaching Objectives: After studying this chapter,students should be able to 1.Identify the concept of welfare economics. 2.Explain how the allocation of resources affects economic well-being. 3.Explain how the equilibriun supply and de mand in a market maximizes the total benefits received by buyers and sellers. 4.Develop welfare economics to explain the principle "Markets are usually a good way to organize economic activity."more fully. Ⅱ.Contents:: 1 Controls on Prices 2.Taxes III.After-class exercises: Draw a demand curve for turkey.In your diagram,show a price ofturkey and the consumer surplus that results form that price.Explain in words what this IV.Teaching me PPT,instruction,group discussion,case analysis etc CHAPTER8 APPLICATIONS:THE COSTS OF TAXATION 6 Ⅰ. Teaching Objectives: After studying this chapter, students should be able to : 1. Analyze various types of government policy using only the tools of supply and demand. 2. Explain how policymakers use taxes both to influence market outcomes and to raise revenue for public purposes. Ⅱ. Contents: 1. Controls on Prices 2. Taxes Ⅲ.After-class exercises: In a supply-and-demand diagram, show how a tax on car buyers of $1,000 per car affects the quantity of cars sold and the price of cars. In another diagram, show how a tax on car sellers of $1,000 per car affects the quantity of cars sold and the price of cars. In both of your diagrams, show the change in the price paid by car buyers and the change in price received by car seller. Ⅳ. Teaching methods and aids: PPT, instruction, group discussion, case analysis etc. PART 3 MARKETS AND WELFARE CHAPTER 7 CONSUMERSS, PRODUCERS, ADN THE EFFICIENCY OF MARKETS Ⅰ. Teaching Objectives: After studying this chapter, students should be able to : 1. Identify the concept of welfare economics. 2. Explain how the allocation of resources affects economic well-being. 3. Explain how the equilibrium of supply and demand in a market maximizes the total benefits received by buyers and sellers. 4. Develop welfare economics to explain the principle "Markets are usually a good way to organize economic activity." more fully. Ⅱ. Contents: 1. Controls on Prices 2. Taxes Ⅲ.After-class exercises: Draw a demand curve for turkey. In your diagram, show a price of turkey and the consumer surplus that results form that price. Explain in words what this consumer surplus measures. Ⅳ. Teaching methods and aids: PPT, instruction, group discussion, case analysis etc. CHAPTER 8 APPLICATIONS: THE COSTS OF TAXATION