4.1.1: Externalities: Definition

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Skills You'll Learn

Externality, Economics, Microeconomics, Market (Economics)

Reviews

4.8 (483 ratings)

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NP

Aug 11, 2018

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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.

AN

Feb 10, 2021

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A great comtinuation of the principles of microeconomics. These two courses are so far my favorite on coursera! I wish the professor made more courses about microeconomics!

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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