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
Sponsored by PTT Global Chemical
Gain insight into a topic and learn the fundamentals.
4.9
(11 reviews)
Beginner level
Recommended experience
3 hours to complete
3 weeks at 1 hour a week
Flexible schedule
Learn at your own pace
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
Details to know
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Assessments
1 assignment
Taught in English
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July 2024
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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
Instructor ratings
4.8 (5 ratings)Offered by
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4.9
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Reviewed on Jul 24, 2024
The course was really helpful in providing a general knowledge of the economy and the market. The professor was also really talented.
Recommended if you're interested in Social Sciences
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