Curated Video
Environmental Functions and Models in Economics
This video discusses the environmental functions and models used in economics to evaluate the effects of economic activity and growth on the environment. The three main functions of the environment are explained as a provider of...
ACDC Leadership
Micro 6.4 Positive Externalities- ACDC Econ
Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the...
Curated Video
Understanding Externalities in Economics
The video covers the topic of externalities in economics. It explains how economic agents make decisions in market economies based on maximizing behavior, leading to private costs and benefits. The video defines internal and external...
Institute for New Economic Thinking
Equity and Growth Through Knowledge Based Economies
Chris Benner is an environmental and urban economist researching regional development and employment in America. He is a Professor of Environmental Studies at the University of California, Santa Cruz, and the Executive Director of the...
Sustainable Business Consulting
Case Studies of Sustainability Innovation and Profitability
Provides five examples of companies acting sustainably and realizing cost savings and more revenue because of it
Curated Video
Evaluating the Microeconomic Concept of Merit Goods
In this video, the presenter explains how merit goods are under-provided and under-consumed by the market and discusses the positive consumption externality that leads to market failure. The video then evaluates the size of the market...
ACDC Leadership
Pollution, the Government, and MSB=MSC- Microeconomics Topic 6.2
Should we end pollution? Could we even if we wanted to? Mr. Clifford explains marginal social cost, externalities and the role of the government. Don't forget to watch the very end.
ACDC Leadership
Micro Unit 6- Practice Questions #1
To watch the full version of this video and all the other hidden videos please gett he Ultimate Review Packet. I promise you that you will love it. This video includes practice questions for microeconomics Unit 6- Market Failures.
ACDC Leadership
Pollution, the Government, and MSB=MSC- Microeconomics 6.2
Should we end pollution? Could we even if we wanted to? Mr. Clifford explains marginal social cost, externalities and the role of the government. Don't forget to watch the very end.
Curated Video
Demerit Goods and Market Failure: Evaluating Externalities and Imperfect Information
This video is an educational tutorial about the microeconomic concept of demerit goods. It explains how demerit goods are over-consumed due to a divergence between the marginal private benefit curve and the marginal social benefit curve...
Curated Video
Understanding Positive Externalities and Market Failure
This video provides an explanation of positive externalities which occur when third parties receive benefits from the production or consumption of a good or service. The video explains how positive externalities create a divergence...
Curated Video
Evaluating Negative Production Externalities: A Step-by-Step Explanation
The video discusses negative production externalities, specifically in the context of industrial pollution. The video also discusses the importance of evaluating the magnitude of the externality and how it can be influenced by the type...
Curated Video
Evaluating Government Regulation
The video evaluates government regulation in markets that contain externalities, with a focus on pollution as an example. The concept of deadweight loss is explained and compared to the benefits and drawbacks of regulation, such as...
Curated Video
Analyzing the Effectiveness of Environmental Policy
This is a lecture-style video that discusses the effectiveness of different types of environmental policies. The lecturer explains various government interventions such as indirect taxation, subsidies, regulation, tradable pollution...
ACDC Leadership
Cool Economics Examples-Externalities
In economics, the way you introduce a concept will make or break a lesson. I try to avoid using the boring examples is the textbook. Here is a quick example of how I introduce the concept of externalities using AXE body spray.
The Economics of Seinfeld
The Economics of Seinfeld: The Chicken Roaster
Very funny clip [8:16] from Seinfeld season 8 demonstrates the economic concepts of cost-benefit analysis and externality when Kenny Rogers opens a restaurant and Kramer realizes the benefits of the chicken outweighed the cost of the glare.
The Economics of Seinfeld
The Economics of Seinfeld: The Engagement
Video clip [1:57] from Seinfeld episode teaches about the economic concepts of externality, incentives and property rights when Kramer, Elaine and Newman devise a scheme to relocate a dog that keeps Elaine up at night.
The Economics of Seinfeld
The Economics of Seinfeld: The Good Samaritan
Seinfeld episode teaches about the economic concept of "externality" as Kramer begins convulsing when he hears Mary Hart's voice on TV.