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\nDemerit Goods and Market Failure: Evaluating Externalities and Imperfect Information\n

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\nThis video is an educational tutorial about the microeconomic concept of demerit goods. It explains how demerit goods are over-consumed due to a divergence between the marginal private benefit curve and the marginal social benefit curve...\nThis video is an educational tutorial about the microeconomic concept of demerit goods. It explains how demerit goods are over-consumed due to a divergence between the marginal private benefit curve and the marginal social benefit curve caused by a negative consumption externality. The video also evaluates the extent of market failure in demerit goods, which depends on the size of negative consumption externalities, imperfect information, and government intervention.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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5:50
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
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Concepts

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economics, health problems, junk food, consumers, society, curves
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Additional Tags

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a-level, evaluation, micro, de-merit, goods, demerit good, external costs, imperfect information, health service, loud music, market failure, market, good, overconsumed, point, back, 50 days, evaluating, types, talk, divergent, created, presence, type, externality, creates, form, important, degree
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Demerit Goods and Market Failure: Evaluating Externalities and Imperfect Information\" href=\"/subscription/new\">\"Demerit\n\n
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