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Economic Institutions: Market Economies, Capitalism, Socialism, and the Role of Government

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Introduction to Economics

  • Economic Systems
    01:42
  • Defining Economic Terms: Scarcity, Trade-offs, and Opportunity Costs
    04:30
  • 가이드 코스
    Hello!
    00:16

Circular Flow Diagram

  • 가이드 코스
    Households and Firms
    01:32
  • 가이드 코스
    The Circular Flow Diagram
    04:20

Externalities: Social Benefits and Social Costs

  • 가이드 코스
    Externalities on the Graph
    14:23
  • 가이드 코스
    Negative Externality and Positive Externality
    10:54

Public Solutions to Externalities

  • 가이드 코스
    Public Solutions to Externalities:Quantity Limits
    04:07
  • 가이드 코스
    Public Solutions to Externalities:Command-and-Control Policies and Corrective Pigovian Taxes and Subsidies
    16:25

Four Types of Goods and Two Characteristics

  • The Four Types of Goods: Private Goods, Club Goods, Common Resources, and Public Goods
    05:41
  • Rivalry and Excludability
    04:47