Grade 9-12, Higher Education
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On-Demand Webinar

Understanding Market Failure: Key Concepts

Time: 60 mins,
Presenter: Brian Lynch

Objective

Teachers will be able to:

  • Explain various examples of market failure and their real-world implications.
  • Learn interactive classroom activities to engage students with the concepts of market failure.
  • Understand key economic concepts such as externalities, the free-rider principle, the Coase theorem, and common resource goods.

Standards

This video is available to view for EconEdLink members only.

Description

In this engaging webinar, teachers will explore two main types of market failure- public goods and externalities. Attendees will gain interactive, hands-on activities. Teachers will also Learn about important economic principles like the free-rider principle, the Coase theorem, and common resource goods, and leave with fresh, creative approaches to make these concepts come alive for students.

Resources

Subjects:
Economics