Unit 1: Markets are Efficient, Except . . . Intro to Microeconomics

Lesson 5a: Government Interference in Markets and Market Failures (Negative Externalities)

Assignments: Video Lectures

 

GOVERNMENT INTERFERENCE IN MARKETS: Price Ceilings and Floors

2.5.1 Understanding How Price Controls Damage Markets 9:38 [MyNotes]

2.5.2 Understanding the Problem of Minimum Wages in Labor Markets 14:47 [MyNotes]

Determining the Effects of Price Ceilings and Price Floors (econclassroom.com 12:04)

MARKET FAILURE:NEGATIVE EXTERNALITIES

EconMovies 7: Anchorman (Efficiency and Market Failures)

8.4.1 Defining Externalities 5:46 [MyNotes]

8.4.2 Explaining How to Internalize External Costs (Negative Externalities) 11:58 [MyNotes]

8.5.1 Finding a Market Solution to External Costs 12:21 [MyNotes]

Negative Externalities of Production (econclassroom.com 13:02)

8.5.2 Finding a Negotiated Settlement to an External Cost -- the Coase Theorem 12:45 [MyNotes]

8.5.3 Applying the Coase Theorem 7:02 [ [MyNotes]

 

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Lesson 5a