4.1.1: Externalities: Definition

Loading...

Skills You'll Learn

Externality, Economics, Microeconomics, Market (Economics)

Reviews

4.8 (291 ratings)
  • 5 stars
    239 ratings
  • 4 stars
    41 ratings
  • 3 stars
    11 ratings

Love how the videos were brief, but informative. Very helpful class and exams weren't overly complicated. In the end, I felt as though I retained much of the knowledge.

I came here for the videos! Extremely concise and accurate. Very good for reviewing material. I speak from the level of an HL Economics student in the IB.

From the lesson
Externalities + Public Goods
Two classic cases of market failure will be defined and explored: externalities and public goods. We will define each case, demonstrate why the market fails to provide the efficient outcome and suggest interventions through either marked design or regulation.

Taught By

  • Rebecca Stein

    Rebecca Stein

    Senior Lecturer

Explore our Catalog

Join for free and get personalized recommendations, updates and offers.