• Economic Impact on Third parties:  Often economic activity has an impact on those not involved in the interaction.  This type of economic wrath can be positive and/or negative.

    2011Final Project- Powerpoint Helper
    2011 A second Final Project- powerpoint helper
    2012 Final Project
    Essential Questions
    • What is the relationship between private and social marginal costs?
    • What is the relationship between private and social marginal benefits?
    • Using the externality graphs illustrate how the government responds to market failures such as the existence of positive and negative externalities.
    • Do cap and trade policies provide a workable solution to the nation's pollution problems?
    Key Concepts
     
     
    • Market Failure
    • Externalities- Side effects on third parties
    • Marginal Social Costs (Negative Externalities)
    • Marginal Social Benefits (Positive Externalities)
    • Anti- Trust Policies
    •  Free Riders
     
    Helpful Websites

     

Last Modified on January 25, 2019