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Difficult Cases for the Market and the Role of Government

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Economic Surplus and Efficiency

  • Guided course
    Deadweight Loss and Market Failure
    07:08
  • Guided course
    Economic Surplus
    11:37

Externalities: Social Benefits and Social Costs

  • Guided course
    Externalities on the Graph
    14:23
  • Guided course
    Negative Externality and Positive Externality
    10:54

Public Solutions to Externalities

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

Four Types of Goods and Two Characteristics

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

The Free Rider Problem and the Tragedy of the Commons

  • Guided course
    Tragedy of the Commons
    07:34
  • Guided course
    Free Rider Problem
    06:11