Books
Fouad Sabry

Social Cost

What is Social Cost

Social cost in neoclassical economics is the sum of the private costs resulting from a transaction and the costs imposed on the consumers as a consequence of being exposed to the transaction for which they are not compensated or charged. In other words, it is the sum of private and external costs. This might be applied to any number of economic problems: for example, social cost of carbon has been explored to better understand the costs of carbon emissions for proposed economic solutions such as a carbon tax.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Social cost

Chapter 2: Microeconomics

Chapter 3: Monopoly

Chapter 4: Perfect competition

Chapter 5: Deadweight loss

Chapter 6: Free-rider problem

Chapter 7: Externality

Chapter 8: Market failure

Chapter 9: Social credit

Chapter 10: Profit maximization

Chapter 11: Cost

Chapter 12: Marginal cost

Chapter 13: Pigouvian tax

Chapter 14: Allocative efficiency

Chapter 15: Marginal revenue

Chapter 16: Shadow price

Chapter 17: Market distortion

Chapter 18: Profit (economics)

Chapter 19: Spillover (economics)

Chapter 20: Economics of science

Chapter 21: Stock exchange

(II) Answering the public top questions about social cost.

(III) Real world examples for the usage of social cost in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Social Cost.
463 printed pages
Original publication
2024
Publication year
2024
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