4.1.1: Externalities: Definition

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Skills You'll Learn

Externality, Economics, Microeconomics, Market (Economics)

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NP

Aug 11, 2018

I really appreciated the short form videos and abundant visual examples. I would take MANY more classes on Coursera if it were guaranteed that they would follow this format.

SM

Mar 9, 2021

Rebecca is knowledgeable and explains very clearly. Great teacher and great course. I’d love another course and more numerical exercises if possible. Great course, thanks!!

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

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    Rebecca Stein

    Senior Lecturer

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