Part+3+-+Supply+and+Demand

Demand for health care - What will shift the demand? How does insurance affect demand? What is a fuzzy demand curve?

Demand for health insurance - The effect of tax deductions - Risk adversion

Supply and demand - What will shift supply and demand? What causes price to go to equilibrium? Law of demand. How does insurance affect supply and demand?

Prices - What is the CPI? How would you calculate the inflation rate (annual and not annual)? What are some problems with the CPI?

Efficiency - What is producer surplus? Consumer surplus? Total Surplus? What is a deadweight loss?

Price ceilings and Price floors - What is the effect of a price floor or ceiling? What is the effect of prohibition? How does Medicaid function similar to a price ceiling?

Elasticity of demand? What makes it more elastic? How would you calculate point elasticity? What is the total revenue test?

cross price elasticity

Income elasticity

Elasticity of input substitution

Utility maximizing rule - how can it be applied? optimal amount per dollar spent

Income and substitution effects in demand, insurance, and labor markets.