Public Goods, Common Resources, and Externalities
This course is part of Microeconomics Principles.
This course cannot be purchased separately - to access the complete learning experience, graded assignments, and earn certificates, you'll need to enroll in the full Microeconomics Principles Specialization program. You can audit this specific course for free to explore the content, which includes access to course materials and lectures. This allows you to learn at your own pace without any financial commitment.
Instructors:
English
Deutsch, हिन्दी, پښتو, 24 more
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What you'll learn
Analyze the free rider problem and its economic implications
Classify goods based on excludability and rivalry attributes
Understand challenges in public goods provision
Identify and evaluate market externalities
Explore solutions to common resource problems
Assess government interventions in market failures
Skills you'll gain
This course includes:
1.6 Hours PreRecorded video
1 quiz
Access on Mobile, Tablet, Desktop
FullTime access
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There is 1 module in this course
This comprehensive course examines market failures in economic systems, focusing on situations where markets inefficiently distribute resources among society members. Students learn about public goods, common resources, and externalities, understanding how these factors affect market dynamics. The course covers crucial concepts like the free rider problem, excludability and rivalry in goods, and both positive and negative externalities. Through video lectures and practical examples, students explore various solutions to market failures, including private and governmental approaches.
Public Goods, Common Resources, and Externalities
Module 1 · 3 Hours to complete
Fee Structure
Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: Microeconomics Principles
Instructor
Clinical Professor
Dr. José J. Vázquez-Cognet is a Clinical Professor at the University of Illinois Urbana-Champaign, where he teaches one of the largest Economics courses in the country, accommodating 925 students. He has also gained significant recognition through his highly popular online course, "Principles of Microeconomics," on Coursera, which has attracted over 100,000 registrations in the past five years. Additionally, Dr. Vázquez serves as the Director of the Teaching Academy for the School of Liberal Arts and Sciences and has received several teaching awards, including the Outstanding Teacher of Freshmen Award.In his academic career, Dr. Vázquez has co-created FlipIt Economics, a multimedia platform designed to enhance student preparation for class, in collaboration with Eric Chiang from Florida Atlantic University. His research interests include mental attention and student motivation, particularly exploring how curiosity can incentivize learning. He has published various works in academic journals and presented at numerous conferences. Dr. Vázquez teaches courses such as "Market Equilibrium, Government Policy & Elasticity," "Microeconomics Principles," and "The Theory of the Firm," making substantial contributions to economics education at both the undergraduate and graduate levels.
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