Curated OER
Market Failures
Market failure and the effects it has in terms of social benefit is the focus of this eight-page packet. Perfect for homework, this set of excellent worksheets provides several scenarios and graphs that show positive and negative...
Curated OER
Externalities Worksheets
Explore economics with this resource on externalities, supply and demand, and third party costs. Learners answer questions, provide examples, analyze and change graphs, and make predictions about the impact of variables.
Econoclass
What's Wrong With This Picture?
A variety of pictures are provided to help study many economic concepts. Could be a good classroom activity.
Econoclass
Econoclass: The Law of Unintended Consequences
In this series of short "headlines", each has a direct goal, but each also has an unintended externality or spillover.
Library of Economics and Liberty
Concise Encyclopedia of Economics: Public Goods
This article describes the relationship between externalities, private and public goods, and government intervention.
Wikimedia
Wikipedia: Externality
Provides a definition and examples of an externality, both positive and negative, and the externality's effect on marginal private benefit and marginal social benefit.
Curated OER
Air Pollution
This article discusses how the United States is to blame for much of the world's pollution, along with some possible steps that could be taken by the government to reduce this.