President and founder of Eurasia Group and GZERO Media Ian Bremmer highlights the increasing polarization of the American media landscape, noting how media outlets like MSNBC and Fox offer divergent narratives that contribute to social...

The growth of online marketplaces like Uber, Airbnb and Amazon can sometimes threaten local businesses such as taxis, hotels and retail shops by taking away jobs or reducing income to the community. But it doesn't have to be this way,...

This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often...

Marginal Cost and Benefit Diagrams

Can you draw the graphs of microeconomics faster than me? Also, share this video with your teacher and see if he or she can beat my best times. Here are my times:



15 seconds- Natural monopoly regulated at sociall
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Learn about the concept of negative externalities and how they lead to market failure. Using a graph, the teacher demonstrates the difference between the socially optimal quantity and the quantity produced in a free market. They also...