Externalities CHAPTER 15. After studying this chapter you will be able to Explain how externalities arise Explain why negative externalities lead to inefficient.
EXTERNALITIES 15 CHAPTER. Objectives After studying this chapter, you will able to Explain how property rights can sometimes be used to overcome externalities.
You need: ◦ Pencils ◦ Pen (blue or black only) ◦ Personal ID You can not have: ◦ Phones ◦ Calculators.
Ellig Mc Tigue Richardson Outcome Based Scrutiny 2000
Basic Economic Concepts. OBJECTIVE: The student will become familiar with the following items: Economic Fundamentals –Scarcity –Choices –Basis of Benefits.
Economics A social science that examines how people choose among the alternatives available to them Scarcity: When not enough is available for free to.
J.A. SACCO. As in all things, economics is a series of decisions. Who makes these decisions? Consumers? Producers? Are these decisions based on needs/wants?
Dolan, Economics Combined Version 4e, Ch. 1 Economics Combined version Edwin G. Dolan Best Value Textbooks 4 th edition Chapter 1 The Economic Way of.
Chapter 2: Scarcity and the World of Trade-offs ECON 152 – PRINCIPLES OF MICROECONOMICS Materials include content from Pearson Addison-Wesley which has.
Chapter 7 Costs. 7 - 2 Copyright © 2012 Pearson Education. All rights reserved. Topics The Nature of Costs. Short-Run Costs. Long-Run Costs. Lower Costs.
SR Berlin 2015 - Finding Winners
Production Possibilities Curve Economic Growth and Production The greatest powerpoint about production possibilities ever.