Introduction to Market Failure

Let’s kick off with mjmfoodie:

economicshelp gives us this video:

Another simple overview of how markets fail for merit and demerit goods (S and D curves used)
BrynJonesOnline:

More complicated overview of market failure using concept of marginal costs and marginal benefits.
richardmckenzie covers welfare loss and briefly introduces solutions at end.

(1 of 2)

(2 of 2)

Externalities

From mjmfoodie:

Follow this link:
http://www.youtube.com/watch?v=S0lH4GEFy1o

Simple Overview of how markets fail for merit and demerit goods (S and D curves used) by BrynJonesOnline

Lighthearted and simple overview of some solutions to negative externalities by ASEconomics

 

Some student work on the topic:

 

Public Goods

by mjmfoodie