Pigouvian Tax Simulator

Pigouvian Tax Simulator Market Failure & Taxes Adjust the externality and set a tax to reach the social optimum. Pigouvian Tax Simulator lets you explore this hands-on instead of only reading about it.

This final section evaluates market outcomes from a societal perspective and discusses when and how the government should intervene. It focuses on Externalities, Public Goods, Market Failure, Taxation, Asymmetric Information from the “Welfare Economics and Public Policy” section.

The sliders change the key inputs. Every change updates the visualization in real time, so you can see exactly how each variable affects the outcome.

14.01 Principles of Microeconomics is an introductory undergraduate course at MIT that provides a foundational understanding of economic analysis. The course explores how individual economic agents—consumers and firms—m… This demo is the interactive piece for the “Welfare Economics and Public Policy” section. Open the full 14 01 Principles Of Microeconomics Fall 2018 course wiki at https://www.getlykke.com/explore/public/14-01-principles-of-microeconomics-fall-c9db27b0-c48b-44cd-b5ce-76fe7a34729f for notes, flashcards, quizzes and the other demos.

You'll build intuition for Externalities, Public Goods, Market Failure, Taxation, Asymmetric Information — and, crucially, see how they behave when you change the inputs, which is hard to get from a textbook or lecture on 14 01 Principles Of Microeconomics Fall 2018 alone.