4.4.2: Provision of Public Good by the Government

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Skills You'll Learn

Externality, Economics, Microeconomics, Market (Economics)

Reviews

4.8 (389 ratings)
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DV

Oct 24, 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 05, 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

  • Rebecca Stein

    Rebecca Stein

    Senior Lecturer

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