Achintya Suden

University of California, Berkeley
Scholarship Chair

Biography

I design and run the career-centered education of the new members of a social organization that I am a part of at UC Berkeley. My tasks include presentations about important topics such as resume preparation, LinkedIn editing, and public speaking. Other duties include editing these students' resumes and documents, and discussing 1-on-1 how to improve their prospects.

Education

BA Economics and Statistics
University of California, Berkeley

Educator Statistics

Numerade tutor for 7 years
55 Students Helped

Topics Covered

Unlocking Insights: Macroeconomic Data Analysis
The Long-Term Impact of the Real Economy: Insights and Analysis
The Macroeconomics of Open Economies: Understanding Global Markets
Markets and Welfare
Understanding Short-Term Economic Fluctuations
Understanding the Impact of Money and Prices in the Long Run

Achintya's Textbook Answer Videos

02:21
Principles of Microeconomics

Because Elaine has a family history of significant
medical problems, she buys health insurance,
whereas her friend Jerry, who has a healthier family,
goes without. This is an example of
a. moral hazard.
b. adverse selection.
c. signaling.
d. screening.

Chapter 22: Frontiers of Microeconomics
Achintya Suden
00:55
Macroeconomics

Why do some consumers tend to favor price controls while others tend to oppose them?

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Section 3: Government Intervention in the Market: Price Floors and Price Ceilings
Achintya Suden
00:56
Macroeconomics

What is a black market? Under what circumstances do black markets arise?

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Section 3: Government Intervention in the Market: Price Floors and Price Ceilings
Achintya Suden
02:39
Macroeconomics

The following graph shows the market for apples. Assume that the government has imposed a price floor of $\$ 10$ per crate.
a. How many crates of apples will be sold to consumers after the price floor has been imposed?
b. Will there be a shortage or a surplus of apples? If there is a shortage or a surplus, how large will it be?
c. Will apple producers, benefit from the price floor? If so, explain how they will benefit.

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Section 3: Government Intervention in the Market: Price Floors and Price Ceilings
Achintya Suden
01:48
Macroeconomics

Suppose that the government sets a price floor for milk that is above the competitive equilibrium price and that the government does not purchase any surplus milk.
a. Draw a graph showing this situation. Be sure your graph shows the competitive equilibrium price, the price floor, the quantity that would be sold in competitive equilibrium, and the quantity that would be sold with the price floor.
b. Compare the economic surplus in this market when there is a price floor and when there is not.

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Section 3: Government Intervention in the Market: Price Floors and Price Ceilings
Achintya Suden
02:06
Macroeconomics

According to a New York Times article, the Venezuelan government imposes strict price controls that are intended to make a range of foods and other goods more affordable for the poor. They are often the very products that are the hardest to find.".
a. Why would imposing price controls on goods make them hard to find?
b. One of the goods subject to price controls was toothpaste. Draw a graph to illustrate this situation. On your graph, be sure to indicate the areas representing consumer surplus, producer surplus, and deadweight loss.

Chapter 4: Economic Efficiency, Government Price Setting, and Taxes
Section 3: Government Intervention in the Market: Price Floors and Price Ceilings
Achintya Suden
1 2 3 4 5 ... 10