Chapters 10 and 11: Externalities and Public Goods

In this video, I discuss the economics of positive and negative externalities, the Coase Theorem, tradeable permit systems, and public goods.

What's the right amount of pollution? 0:44
Externalities 3:00
Negative externalities 4:00
Positive externalities 6:55
Analysis of a negative externality 9:40
External costs 13:53
Market failure 17:55
Analysis of a positive externality 19:07
External benefit 21:14
What causes externalities? 24:02
Private solutions to externalities 27:55
Coase Theorem 32:43
Government remedies to externalities 36:29
Pigouvian tax 36:36
Command and control 43:08
Market-based systems 44:04
Tradable permit system 44:19
Types of good 47:20
Rivalry 47:29
Excludability 48:21
Private goods 49:20
Public goods 50:19
Free rider effect 52:45
Quasi-public goods 53:25
Common resources 54:13
Demand for a public good 55:51
Efficient level of a public good 1:00:45
Common resources 1:02:35
Tragedy of the commons 1:03:00

[notarealtradr]

Would love to see a Midterm and Final Exam video. What are the formulas we need to know. What will most likely be on the exams etc.. Love the videos! Great teacher.

[Bang_edu]

The explanation was so excellent. More explanation, the better I knowledge it. Thank you very much, Sir

[wschess]

Thanks for coming back. I just started learning economics, really thankful for your videos

[SapientisMapasMentaisJurídicos]

Thanks you are posting again. You do a great work Dr. Azevedo. 👏👏👏

[ОлегОлегов-эс]

Thank you very much! I've recommended your videos to all my friends. I like your channel!

[bbeeyangli]

where is econ 4020?

Economics is a partial discipline, as sometimes better solutions lie outside of economics, such as in technology. Therefore, perhaps in the future, a new discipline will emerge that combines economics, anthropology, sociology, law, political science, and others, offering a more comprehensive perspective on issues. This field might be called Human Systems Science.

[deepikaanand]

very wonderful video and very well explained. Thank you for making this video.

[shirleywong]

Welcome back! Also, I was wondering if you had any videos for chapter 8 and 9?? Thank you so much for your videos btw, they are so helpful :)

[paguropauroso]

thank you so much for your precious work

[lalatinaaugustine]

Thank you for being back again, I love your teachings 🙏, also, is this the eighteenth Chapter?

[nisaben]

as a student who really does not understand anything from his professor thanks a lot

[mahakkhatri]

How does he write on that screen. I mean how is he able to write the mirror image

[ulvumustafayev]

Thanks a lot for a magnificent explanation. I am wondering that why Supply curve is called MC as opposed to Demand curve is called MB ? The reverse is possible?
Could you please elaborate it a little bit?

[АлександрРусаков-вс]

Rodriguez James Perez Donna Wilson Robert

[jadekarrakchou-jd]

One question remains. How much MB did he just make from this unholy Q of ads ???

[АлександрРусаков-вс]

Brown Deborah Moore Donald Harris Anthony