Market Failures, Taxes, and Subsidies

When should the government step in for the greater public good? Watch a video that details what happens when market externalities need some help sorting themselves out, and whether those regulatory steps are beneficial or not.

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CCSS: Adaptable
Instructional Ideas

  • Implement the extra credit question described in the beginning of the video, and have class members analyze the results
  • Encourage learners to choose one of the topics outlined in the video to conduct further research on for a persuasive or informative essay
Classroom Considerations

  • Video opens with an ad that you can skip
  • Part 21 of a 35-video series
Pros

  • Emphasizes the benefit of an education in the larger economy, which is a good message for students
  • Uses real-world examples to illustrate the Tragedy of the Commons, including smoking and climate change
Cons

  • None