4.1.7: Interalizing a Positive Externality via a Per Unit Subsidy

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Skills You'll Learn

Externality, Economics, Microeconomics, Market (Economics)

Reviews

4.8 (427 ratings)
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DV
Oct 23, 2018

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.

AM
Apr 4, 2020

In the beginning, it started to clear out my basics. As we got closer to the end of the course, it related the theoretical knowledge gained to the practical scenario.

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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