MIT 14.01 Principles of Microeconomics, Fall 2018 - 23. Market Failures I: Externalities

Master Economics: From Supply & Demand to Market Failures - Dive into the complexities of economic theory with MIT OpenCourseWare's comprehensive video series. Learn preferences, competition, trade, and more. Transform your understanding of the global economy!

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What you'll learn

Understand the foundational concepts of supply and demand and how they interact in the market
Analyze the development and implications of different market structures like monopoly and oligopoly
Evaluate the effects of government intervention and taxation on economic efficiency and equity
Examine the causes and consequences of market failures, including externalities and informational asymmetry

This course includes

20.5 hours of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

externalities government policy government

Full Transcript

MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber * View newer version of the course: https://ocw.mit.edu/14-01F23 * YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lectures covers externalities, which are the costs or benefits that affect a party who did not choose to incur those costs or benefits. Other topics include government solutions and government policy. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.

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