Thursday November 8

New Concept:

• Market Failures
• Types

Class Activity:

• Market Failures Activity - Presentations begin today

Resources:

• Power Point - Government Response to Market Failures

• 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 Failure"