Externalities Interactive Videos

Understand key economic concepts such as externalities and public goods. Gain skills in analyzing real-world impacts and evaluating strategies for government intervention.

Examine how positive externalities influence market dynamics with a focus on the pricing, quantity, and associated benefits of "Nice Trees." Gain insights into how demand shifts impact market equilibrium and explore government interventions that can lead to optimal market outcomes. Develop a comprehensive understanding of economic principles related to externalities and policy measures for enhancing social welfare.

Investigate the economic effects of negative externalities through the case study of plastic bags, focusing on essential concepts such as socially optimal pricing and shifts in the supply curve. Develop an understanding of how these externalities affect market outcomes and explore solutions to align private costs with social costs. Strengthen skills in economic analysis by evaluating the difference between private and social equilibria and identifying policy measures to achieve efficiency.

Investigate economic strategies that address market failures, including the free rider problem and the Tragedy of the Commons. Understand the nature of public goods and examine the role of government in mitigating these challenges. The focus is on gaining knowledge of effective interventions and the complexities of economic governance related to shared resources.