Microeconomics [IB Economics SL] - Analyzing Market Failure [IB Economics SL/HL]

This in-depth video analyses three types of market failures: common pool resources, merit and demerit goods, and public goods. 0:00 - Common Pool Resources 0:43 - Analyzing Common Pool Resources 1:20 - Diagramming Common Pool Resources 2:39 - Evaluating Common Pool Resources 3:10 - Merit Goods 3:40 - Analyzing Positive Externalities 4:11 - Demerit Goods 4:54 - Analyzing Negative Externalities 5:10 - Maximizing Social Welfare 6:08 - Public Goods 6:55 - The Free-Rider Problem More IB Economics Videos & Exam Questions can be found at: Revision Village - IB Economics https://www.revisionvillage.com