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Unit 12: Public Economics – Market Failures, Public Goods, and Public Choice

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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

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    Public Solutions to Externalities:Quantity Limits
    04:07
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    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
    The Four Types of Goods:Private Goods, Club Goods, Common Resources, and Public Goods
    11:08
  • Guided course
    Two Characteristics:Rivalry in Consumption and Excludability
    05:02

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

Median Voter Theorem

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    Median Voter Theorem
    06:42

Condorcet Voting Paradox

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    Condorcet Voting Paradox
    03:39
  • Guided course
    Order of the Vote
    02:33

Tax Efficiency

  • Guided course
    Tax Efficiency
    06:43
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    Uniform Tax System
    03:04

Tax Equity

  • Guided course
    Regressive, Proportional, and Progressive Taxes
    04:18
  • Guided course
    Tax Equity
    06:42