{"id":796,"date":"2011-09-15T00:12:06","date_gmt":"2011-09-15T06:12:06","guid":{"rendered":"http:\/\/opengecko.com\/economics\/distribution-of-income-all-in-one-go\/"},"modified":"2011-09-15T00:12:06","modified_gmt":"2011-09-15T06:12:06","slug":"distribution-of-income-all-in-one-go","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/distribution-of-income-all-in-one-go\/","title":{"rendered":"Distribution of Income &ndash; All in One Go"},"content":{"rendered":"<p><font size=\"3\">In just one post, I include resources for the section of the IB Eco syllabus (2005 version) called 3.6 Distribution of Income.<\/font><\/p>\n<p><font size=\"3\">The topic includes the following points:<\/font><\/p>\n<blockquote>\n<p><font size=\"3\">\u2022 Direct taxation       <br \/>\u2022 Indirect taxation        <br \/>\u2022 Progressive taxation        <br \/>\u2022 Proportional taxation        <br \/>\u2022 Regressive taxation        <br \/>\u2022 Transfer payments        <br \/>Higher level extension topics        <br \/>\u2022 Laffer curve        <br \/>\u2022 Lorenz curve and Gini coefficient<\/font><\/p>\n<\/blockquote>\n<p><font size=\"3\">Use the following resources to learn about these sub-topics:<\/font><\/p>\n<h4><u><font size=\"3\">Direct versus Indirect<\/font><\/u><\/h4>\n<p><u><font size=\"3\"><\/font><\/u><\/p>\n<p><font size=\"3\">Compare these two definitions:<\/font><\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Direct_tax\"><font size=\"3\">http:\/\/en.wikipedia.org\/wiki\/Direct_tax<\/font><\/a><\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Indirect_tax\"><font size=\"3\">http:\/\/en.wikipedia.org\/wiki\/Indirect_tax<\/font><\/a><\/p>\n<p><font size=\"3\">Can you explain the difference between direct and indirect <strong>tax<\/strong> with example <strong>tax<\/strong>es?<\/font><\/p>\n<h4><u><font size=\"3\">Progressive, Regressive, and Proportional <strong>Tax<\/strong><\/font><\/u><\/h4>\n<p><font size=\"3\">ONE Massachusetts (<\/font><a href=\"http:\/\/www.youtube.com\/user\/ONEMassPPI\"><strong><font size=\"3\">ONEMassPPI<\/font><\/strong><\/a><font size=\"3\">) demonstrates the different types of <strong>tax<\/strong>es:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/OsGd6FWnY_0?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h4><u><font size=\"3\">Specific Examples of <strong>Tax<\/strong>ation<\/font><\/u><\/h4>\n<p><font size=\"3\">This <\/font><a href=\"http:\/\/www.youtube.com\/user\/mjmfoodie\"><strong><font size=\"3\">mjmfoodie<\/font><\/strong><\/a><font size=\"3\"> video includes specific examples of US <strong>tax<\/strong>es, then a section on how <strong>tax<\/strong>es relates to the government\u2019s budget (which is worth understanding in general terms) and finally a section reviewing the general types of <strong>tax<\/strong>es.<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/lafDykKJ_9I?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h4><u><font size=\"3\">Testing Your Understanding of Taxes<\/font><\/u><\/h4>\n<p><font size=\"3\">A \u2018tic tac toe\u2019 game which puts some of the above to the test but you may also need to use your common sense and a bit of guesswork. Play as two people.<\/font><\/p>\n<p><a href=\"http:\/\/www.econedlink.org:8001\/lessons\/flash_lessons\/370\/em370_TicTacTaxes.swf\"><font size=\"3\">Tic Tac <strong>Tax<\/strong>es<\/font><\/a><\/p>\n<p><font size=\"3\">Sort different types of taxes using reffonomics <\/font><a href=\"http:\/\/reffonomics.com\/TRB\/chapter21\/typesoftaxesinteractive3.swf\" target=\"_blank\"><font size=\"3\">here<\/font><\/a><font size=\"3\">.<\/font><\/p>\n<p><font size=\"3\">Transfer Payments<\/font><\/p>\n<p><font size=\"3\">Check <\/font><a href=\"http:\/\/en.wikipedia.org\/wiki\/Transfer_payment\" target=\"_blank\"><font size=\"3\">wikipedia on the matter<\/font><\/a><font size=\"3\">.<\/font><\/p>\n<p><font size=\"3\">And there is a brief definition courtesy of BusinessDictionary.com <\/font><a href=\"http:\/\/www.businessdictionary.com\/definition\/transfer-payment.html\" target=\"_blank\"><font size=\"3\">here<\/font><\/a><\/p>\n<p><font size=\"3\">This is interesting on the increasing % spent on Transfer payments in the US since 1930:<\/font><\/p>\n<p><a href=\"http:\/\/mjperry.blogspot.com\/2011\/08\/chart-of-day-transfer-payments.html\"><font size=\"3\">http:\/\/mjperry.blogspot.com\/2011\/08\/chart-of-day-transfer-payments.html<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<h4><font size=\"3\">Laffer Curve<\/font><\/h4>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/VNA-w1YtorQ?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">by <\/font><a href=\"http:\/\/www.youtube.com\/user\/pajholden\"><strong><font size=\"3\">pajholden<\/font><\/strong><\/a><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/gK9l-Eiv12E?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">by <\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/fw5rp7MfD-Q?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">by <\/font><a href=\"http:\/\/www.youtube.com\/user\/ACDCLeadership\"><strong><font size=\"3\">ACDCLeadership<\/font><\/strong><\/a><\/p>\n<h4><u><font size=\"3\">Lorenz curve and Gini coefficient<\/font><\/u><\/h4>\n<p><font size=\"3\">Use <\/font><a href=\"http:\/\/youtu.be\/AQWN_DqcHG4\" target=\"_blank\"><font size=\"3\">this video<\/font><\/a><font size=\"3\"> by <\/font><a href=\"http:\/\/www.youtube.com\/user\/pajholden\"><strong><font size=\"3\">pajholden<\/font><\/strong><\/a><font size=\"3\">.<\/font><\/p>\n<p><font size=\"3\">And this one by <\/font><a href=\"http:\/\/www.youtube.com\/user\/EconInstructor\"><strong><font size=\"3\">EconInstructor<\/font><\/strong><\/a><font size=\"3\">:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/q3-MA4JvWO0?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">Or this very short one:<\/font><\/p>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/0CfBXjsEvHc?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">&#160;<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In just one post, I include resources for the section of the IB Eco syllabus (2005 version) called 3.6 Distribution of Income. The topic includes the following points: \u2022 Direct taxation \u2022 Indirect taxation \u2022 Progressive taxation \u2022 Proportional taxation \u2022 Regressive taxation \u2022 Transfer payments Higher level extension topics \u2022 Laffer curve \u2022 Lorenz&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10],"tags":[257,259,258,260,248,154],"class_list":["post-796","post","type-post","status-publish","format-standard","hentry","category-economics","category-ib-economics","tag-ditribution-of-income","tag-gini-coefficient","tag-laffer-curve","tag-lorenz-curve","tag-macroeconomics-2","tag-tax"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=796"}],"version-history":[{"count":0,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/796\/revisions"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}