Monday November 12

New Concept:

• Market Failures
• Types
• diagramming and explanation of externalities

Resources:

• Power Point - Types of Market Failures and Diagramming Externalities

• Khan Academy Video - Positive Externalities
• Khan Academy Video - Negative Externalities

• You Tube Video - Tragedy of the Commons Explanation

Homework:
Read Chapter 12 - "Market Failures"