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Grade 9-12
,
Video

Externalities Video Series and Quiz

Time: 50 mins,
Updated: September 26 2019,
Author: Marginal Revolution University
Teacher Version
Objective Standards Summary Description
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Objective

Students will be able to:

  • Understand positive and negative externalities, how they pose a challenge to markets, and some of the solutions that have been proposed.

Standards

State Standards

Concepts

Economic Institutions 1
 Open Video

In this economics video series, students will uses real-world examples to cover externalities and solutions to the problems they pose.

Description

This unit of six videos uses real-world examples to cover externalities (including external benefits) and solutions to the problems they pose, including command and control solutions and tradable allowances. Also included is an explanation the Coase theorem and the significance of transaction costs. Every video comes with practice questions!

Subjects:
Economics

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