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Public Goods, Common Resources, and Externalities

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Public Goods, Common Resources, and Externalities

This course is part of Microeconomics Principles Specialization

Instructor: Dr. José J. Vázquez-Cognet

2,953 already enrolled

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1 module

Gain insight into a topic and learn the fundamentals.

45 reviews

Beginner level

Recommended experience

4 hours to complete

Flexible schedule

Learn at your own pace

1 module

Gain insight into a topic and learn the fundamentals.

45 reviews

Beginner level

Recommended experience

4 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Understanding Free Rider Problem: Develop knowledge of the free rider problem and its implications on goods and services in an economy.
Excludability and Rivalry: Learn how to classify a good based on its excludability and rivalry attributes.
Public Goods: Delve into the challenges associated with the provision of public goods and comprehend the reasons behind these difficulties.
Market Externalities: Identify different market externalities & recognize why markets typically struggle to address these externality issues

Skills you'll gain

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Assessments

1 assignment

Taught in English

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This course is part of the Microeconomics Principles Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Develop job-relevant skills with hands-on projects
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There is 1 module in this course

In this course, we will discuss market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market is the problem.

Module details

This course we will be discussing market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market IS the problem.