Objective
Teachers will be able to:
- Understand the effect of taxes on revenue.
- Calculate government revenue, elastic and efficiency.
Standards
Concepts
In this personal finance and economics webinar, teachers will understand taxes and see their effects on prices and output.
Description
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.