Students will be able to:
- Understand positive and negative externalities, how they pose a challenge to markets, and some of the solutions that have been proposed.
In this economics video series, students will uses real-world examples to cover externalities and solutions to the problems they pose.
This unit of six videos uses real-world examples to cover externalities (including external benefits) and solutions to the problems they pose, including command and control solutions and tradable allowances. Also included is an explanation the Coase theorem and the significance of transaction costs. Every video comes with practice questions!