Principles of Economics: Microeconomics - Public Goods and Asteroid Defense

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

Summary

Full Transcript

While the probability of an asteroid hitting the planet is very low, its effect would be disastrous for all of us. So, who should pay for asteroid protection? A good like asteroid defense — a public good, meaning it’s nonexcludable and nonrival — has some unusual properties that challenge markets. We explore the curious case of public goods in this video and others in this section. Microeconomics Course: http://bit.ly/20VablY Next video: http://bit.ly/1Qf3N7z Help us caption & translate this video! http://amara.org/v/GkpT/ Help us caption & translate this video! http://amara.org/v/ITvR/

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