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
Market Failure: Externalities and their Remedies
In this macroeconomics learning exercise, students respond to 41 short answer and fill in the blank questions regarding economic concepts related to market failure.
Curated OER
Subsidies and Taxes
Students utilize supply and demand models to demonstrate how markets can be affected by intervention from governments or other agencies in an attempt to correct a perceived market failure. After viewing a PowerPoint presentation,...
Curated OER
Government Failure: Congestion, Pollution and the Pensions Crisis
Students determine reasons for market failure while examining clear definitions for government failure, rent seeking, and log rolling. They gain an idea of how governments can solve the problems they face in correcting these failures.
Khan Academy
Khan Academy: The Economics of Pollution
Pollution is an example of a negative externality. Despite the gradual reduction in emissions from fossil fuels, many important environmental issues remain. Along with the still-high levels of air and water pollution, other issues...
Khan Academy
Khan Academy: What Are Market Oriented Environmental Tools?
Market-oriented environmental tools are explained, and guided questions are provided. This article from Khan Academy is intended for students who are taking a microeconomics course.
Khan Academy
Khan Academy: What Are Public Goods?
This resource explains what public goods are. This video lesson from Khan Academy is intended for students who are taking a microeconomics course.
Lumen Learning
Boundless Economics: Introducing Market Failure
An explanation of the causes of market failure and possible governmental responses to such failure.