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Curated Video
An Introduction to Government Intervention in Markets
This video provides an introduction to the topic of government intervention in markets. The video discusses different types of market failures and the reasons why governments may intervene to correct them. The video also discusses...
Curated Video
Understanding Subsidies: Analyzing and Evaluating Government Intervention in Markets
The video discusses the topic of subsidies and how they can be used as a government intervention in markets. The speaker explains how subsidies can help to rectify market failures, particularly in cases where a product is under-provided...
Institute for New Economic Thinking
The Failure of Market Failure | #4 | Venture Capital in the 21st Century
What are the rationales for State support for technical innovation? Adopting the Neoclassical approach of "market failure", Nelson and Arrow suggested that private business firms will invest less in research & development than is...
Curated Video
Understanding Factor Immobility and Market Failure
In this video, the topic of immobility is explained, specifically, factor immobility and its effects on market failure. The concept of production and the allocation of resources are introduced, and then the video delves into different...
Institute for New Economic Thinking
Giovanni Dosi -- The Survival of the Riskiest
Financial fragility does not fall from the sky. That's why treating risk as if it comes from exogenous shocks can't capture the reality of financial markets.
In Giovanni Dosi's models, systemic risk is inherent to the...
In Giovanni Dosi's models, systemic risk is inherent to the...
Curated Video
Evaluating the Microeconomic Concept of Merit Goods
In this video, the presenter explains how merit goods are under-provided and under-consumed by the market and discusses the positive consumption externality that leads to market failure. The video then evaluates the size of the market...
Curated Video
Market Failure in the Financial Sector: Causes and Effects
In this lecture presentation, the speaker discusses market failure within the financial sector, its causes, and impact on society. The speaker explains the different forms of market failure such as asymmetric information, externalities,...
Curated Video
Income and Wealth Inequality: Causes and Consequences
The video is a lesson on the topic of inequality in economics. The presenter explains the difference between income and wealth and how an unequal distribution of these can result in market failure. The video also touches on the impact of...
Institute for New Economic Thinking
William Janeway: The Market or the State? (2/6)
William Janeway is a Senior Advisor at Warburg Pincus and a speaker at INET's Bretton Woods Conference on April 10, 2011.<br/>
ACDC Leadership
Micro Unit 6- Practice Questions #1
To watch the full version of this video and all the other hidden videos please gett he Ultimate Review Packet. I promise you that you will love it. This video includes practice questions for microeconomics Unit 6- Market Failures.
Institute for New Economic Thinking
Is Technology Killing Capitalism?
Is Market Capitalism simply an accident of certain factors that came together in the 19th and 20th centuries? Does the innovation of economics require a new economics of innovation? Is the study of economics deeply affected by the...
Curated Video
Policies to Influence Income and Wealth Distribution in an Economy
In this video, the speaker discusses the policies that can be implemented to influence the distribution of income and wealth within an economy. They explain the different measures used to measure inequality, the rationale for tackling...
Economics Explained
Here's Why Supply And Demand Is Overrated!: The Market For Work
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply &...
Economics Explained
Here's Why Supply And Demand Is Overrated!: Some Solutions & Final Thoughts
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply &...
ACDC Leadership
Micro Unit 6 Summary- Market Failures and the Role of the Government
This video introduces the topic of market failures and the role of government in addressing them. They cover concepts such as public goods, externalities, antitrust laws, and income distribution. The teacher emphasizes the importance of...
Economics Explained
Here's Why Supply and Demand is Overrated! | Economics Explained
If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words “Supply &...
Curated Video
Demerit Goods and Market Failure: Evaluating Externalities and Imperfect Information
This 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...
Curated Video
Evaluating Negative Production Externalities: A Step-by-Step Explanation
The video discusses negative production externalities, specifically in the context of industrial pollution. The video also discusses the importance of evaluating the magnitude of the externality and how it can be influenced by the type...
Institute for New Economic Thinking
John Cassidy - The Market/State Pendulum
John Cassidy, writer from the New Yorker Magazine, says that because of the recent recession, the economic rise of China and India, and issues like climate change, the role of the state in capitalist societies is being reevaluated. He...
Curated Video
Understanding Public Goods and Market Failure
This video is a lesson on public goods and their characteristics. The video begins by defining and explaining private goods. The video then goes on to define public goods. The video also discusses non-pure public goods, which exhibit...
Curated Video
Understanding Asymmetric Information in Economics and Its Impact on Market Failure
In this video, the topic of asymmetric information in markets is discussed. Two forms of asymmetric information are covered: adverse selection and moral hazard. Adverse selection is illustrated through the example of the second-hand car...
Curated Video
Evaluating Government Regulation
The video evaluates government regulation in markets that contain externalities, with a focus on pollution as an example. The concept of deadweight loss is explained and compared to the benefits and drawbacks of regulation, such as...
ACDC Leadership
Externalities- EconMovies #7: Anchorman
Hey econ students. This is Jacob Clifford. In this episode of EconMovies, I use Anchorman to explain marginal benefit, marginal cost, efficiency, and externalities.
Curated Video
Imperfect Information: Market Failure and Asymmetric Information
In this video, the speaker discusses the concept of imperfect information in economics and how it can lead to market failure. They explain the importance of information in economic decision-making processes and how perfect information is...