14.01 | Fall 2018 | Undergraduate

Principles of Microeconomics

Lecture Videos

Lecture 23: Market Failures I: Externalities


This lectures covers externalities, which are the costs or benefits that affect a party who did not choose to incur those costs or benefits. Other topics include government solutions and government policy. See Handout 23 for relevant graphs for this lecture. 

Instructor: Prof. Jonathan Gruber

Course Info

As Taught In
Fall 2018
Learning Resource Types
Lecture Videos
Problem Sets with Solutions
Exams with Solutions
Lecture Notes
Instructor Insights