ESI U2 L12 - Externalities by jclerch https://padlet.com/jclerch/5e3nkyeavi3u en-us 2018-03-24 03:41:46 UTC 2025-08-25 16:32:55 UTC hello@padlet.com jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/264669195 2018-05-31 01:52:28 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/264669195 Reff's Videos jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/264677749 2018-05-31 02:42:42 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/264677749 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/264748960
  • Describe the concepts of marginal private benefits (MPB), marginal social benefits (MSB), marginal private costs (MPC) and marginal social costs (MPC).
  • Describe the meaning of externalities as the failure of the market to achieve a social optimum where MSB=MSC.
  • Explain, using diagrams and examples, the concept of negative externalities of production, and the welfare loss associated with the production of such a good or service.
  • Explain that demerit goods are goods whose production creates external costs.
  • Evaluate, using diagrams, the use of government responses, including government regulation, and market-based policies including taxes on the product, on the pollutant, and tradable permits.
  • Explain, using diagrams and examples, the concept of positive externalities of consumption, and the welfare loss associated with the consumption of such a good or service.
  • Explain that merit goods are goods whose consumption creates external benefits.
  • Evaluate, using diagrams, the use of government responses, including subsidies, legislation, advertising to influence behavior and direct provision of goods and services.

    • ]]>     2018-05-31 10:53:42 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/264748960     jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/264860784 2018-05-31 18:11:31 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/264860784 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/264860912 2018-05-31 18:12:14 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/264860912 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266524960 2018-06-11 02:29:32 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266524960 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266524977 2018-06-11 02:29:39 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266524977 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266588896 2018-06-11 11:35:43 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266588896 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266588943 2018-06-11 11:36:09 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266588943 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266588963 2018-06-11 11:36:19 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266588963 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266589021 2018-06-11 11:36:46 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266589021 jclerch https://padlet.com/jclerch/5e3nkyeavi3u/wish/266589043 2018-06-11 11:36:54 UTC https://padlet.com/jclerch/5e3nkyeavi3u/wish/266589043