Market Inefficiency
'Externality' is a consequence of an economic activity that is experienced by unrelated third parties. An externality can
be either positive or negative. Externalities are often blamed for “market failure,” but they are also a source of
government failure.
be either positive or negative. Externalities are often blamed for “market failure,” but they are also a source of
government failure.
Testing/Quiz
- Students should be able to get 80%minimum in the test to show adequate understanding of market inefficiency. Anything above 80% would mean proficient understanding of the unit.
- Students should be able to get 80%minimum in the test to show adequate understanding of market inefficiency. Anything above 80% would mean proficient understanding of the unit.
Files
neg._ext._info.jpeg | |
File Size: | 286 kb |
File Type: | jpeg |
pos._ext._info.jpeg | |
File Size: | 303 kb |
File Type: | jpeg |
Bibliography
“Externality.” Wikipedia, the Free Encyclopedia. http://en.wikipedia.org/wiki/
Externality (accessed June 6th, 2015).
“Positive Externality.” IB-Econ. http://ib-econ.wikispaces.com/Q+92+
-+Micro (accessed May 29th, 2015).
“Negative Externality.” Economics Fundamental Finance. http://economics.
fundamentalfinance.com/negative-externality.php (accessed June 4th, 2015).
“Chapter 6 Questions.” 2012. Emily’s Blog. http://blog.canacad.ac.jp/wpmu/
14barkem/2012/10/16/chapter-6-questions (accessed June 8th, 2015).
“Externality.” Wikipedia, the Free Encyclopedia. http://en.wikipedia.org/wiki/
Externality (accessed June 6th, 2015).
“Positive Externality.” IB-Econ. http://ib-econ.wikispaces.com/Q+92+
-+Micro (accessed May 29th, 2015).
“Negative Externality.” Economics Fundamental Finance. http://economics.
fundamentalfinance.com/negative-externality.php (accessed June 4th, 2015).
“Chapter 6 Questions.” 2012. Emily’s Blog. http://blog.canacad.ac.jp/wpmu/
14barkem/2012/10/16/chapter-6-questions (accessed June 8th, 2015).