Unit 6 - Micro

(Market Failures and the Role of Government)

Videos

Socially Efficient and Inefficient Market Outcomes (6.1)

Market Output and Max Societal Surplus
Socially Efficient& Inefficient Market Outcomes Part 3
Socially Efficient& Inefficient Mkt Outcomes Part1
Socially Efficient& Inefficient Mkt Outcomes Part1-Take1 (Archive)
Productive, Distributive, and Allocative Efficiency (Part 2)

Externalities (6.2)

BIG PICTURE

Externalities: An Introduction
Internalizing an Externality
Think Vertically - Even for Externalities

Externalities (6.2)

DETAILS

Externalities:  Negative Externality from Consumption 
Correcting Positive Externalities with Per-Unit Subsidy 
Externalities: Neg. Externalities from Production 
Externalities:  Positive Externality from Consumption 
Externalities : Neg. Production Ext. w/ Intervention 
Positive Externality from Production

Public and Private Goods (6.3)

Public Goods - Another Market Failure
Types of Public Goods
Merit Goods - Another Market Failure

The Effects of Government Intervention in Different Mkt Structures (6.4)

Perfect Competition and Per-Unit Taxes
Monopolies and Price Ceilings (Pc = Popt)
Monopoly and Per-Unit Taxes
Monopolies and Price Ceilings (a tabular approach)

Inequality (6.5)

The Lorenz Curve and Gini Coefficient

Infographic (Slot Notes)