In this course, we will discuss market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market is the problem.
Public Goods, Common Resources, and Externalities
Public Goods, Common Resources, and Externalities
This course is part of Microeconomics Principles Specialization
Instructor: Dr. José J. Vázquez-Cognet
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Beginner level
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3 hours to complete
3 weeks at 1 hour a week
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What you'll learn
Understanding Free Rider Problem: Develop knowledge of the free rider problem and its implications on goods and services in an economy.
Excludability and Rivalry: Learn how to classify a good based on its excludability and rivalry attributes.
Public Goods: Delve into the challenges associated with the provision of public goods and comprehend the reasons behind these difficulties.
Market Externalities: Identify different market externalities & recognize why markets typically struggle to address these externality issues
Skills you'll gain
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Recently updated!
July 2024
Assessments
1 assignment
Taught in English
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There is 1 module in this course
This course we will be discussing market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market IS the problem.
What's included
13 videos1 reading1 assignment2 discussion prompts
Instructor
Offered by
Recommended if you're interested in Economics
University of Illinois Urbana-Champaign
Erasmus University Rotterdam
Johns Hopkins University
Kennesaw State University
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