Teachers will be able to:
- Understand the effect of taxes on revenue.
- Calculate government revenue, elastic and efficiency.
This video is available to view for EconEdLink members only.
In this personal finance and economics webinar, teachers will understand taxes and see their effects on prices and output.
Let’s take a look at the impact of taxes, prices and output on the bigger economy. Students can see the links between consumption, production and surplus, and learn how to calculate metrics like DWL and revenue.