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Public Goods, Common Resources, and Externalities

Dr. José J. Vázquez-Cognet

In this course, we will discuss market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market is the problem.

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What's inside

Syllabus

Public Goods, Common Resources, and Externalities
This course we will be discussing market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market IS the problem.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Covers market failures, a key concept in economics, exploring various types and relevant issues
Dr. José J. Vázquez-Cognet, the instructor, brings expertise and insights in market failures
Engages learners with in-depth discussions on public goods, common resources, and externalities
Provides a theoretical foundation for understanding how market failures occur and their implications
Requires prerequisite knowledge in economics, which may limit accessibility to some learners

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Public Goods, Common Resources, and Externalities with these activities:
Review microeconomics
Review basic microeconomic concepts to strengthen your understanding of market failures.
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Show steps
  • Read textbook chapters on microeconomics
  • Complete practice problems
  • Take a practice quiz
Follow tutorials on externalities
Enhance your understanding of externalities and their impact on market outcomes.
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Show steps
  • Find tutorials on reputable platforms
  • Watch videos and read articles
  • Take notes and summarize key points
Participate in discussion forums
Engage with peers, exchange ideas, and deepen your understanding through discussions.
Show steps
  • Join discussion forums related to the course
  • Read posts and respond thoughtfully
  • Ask questions and share your insights
Five other activities
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Show all eight activities
Create a study guide
Organize and summarize course materials to enhance your retention and understanding.
Show steps
  • Collect notes, assignments, and quizzes
  • Summarize key concepts and definitions
  • Create practice questions and exercises
Analyze case studies of market failures
Develop your analytical skills and apply your knowledge to real-world examples of market failures.
Browse courses on Market Failures
Show steps
  • Gather case studies from reputable sources
  • Identify the type of market failure
  • Analyze the causes and consequences
  • Suggest potential policy solutions
Develop a policy proposal
Apply your knowledge to a practical scenario by creating a policy proposal to address a specific market failure.
Show steps
  • Identify a specific market failure
  • Research potential policy solutions
  • Draft a policy proposal outlining the problem, solution, and implementation plan
  • Get feedback from peers and instructors
Contribute to an open-source project
Gain hands-on experience and enhance your understanding of market failures by contributing to an open-source project.
Show steps
  • Identify open-source projects related to market failures
  • Review the project's documentation and code
  • Identify a contribution you can make
  • Submit a pull request with your contribution
Become a course mentor
Deepen your understanding by helping others learn and apply the concepts of market failures.
Show steps
  • Apply to become a course mentor
  • Prepare materials and resources for students
  • Answer questions and provide guidance
  • Evaluate student progress and provide feedback

Career center

Learners who complete Public Goods, Common Resources, and Externalities will develop knowledge and skills that may be useful to these careers:

Reading list

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Course image
Effort
Customizable based on your level of interest
Level
Introductory
Via
Coursera
Institution
University of Illinois at Urbana-Champaign
Instructor
Dr. José J. Vázquez-Cognet
Session
August 12, 2024 - August 26, 2024
Language
English
Transcripts
Español Français Português Deutsch Italiano 中文 العربية 한국어 日本語 हिंदी Nederlands Svenska Pусский Türkçe Polski Ελληνικά українська мова magyar nyelv Bahasa Indonesia ไทย қазақша اُردُو, فارسی বাংলা tiếng Việt پښتو آذربایجان دیلی
Good to know
Covers market failures, a key concept in economics, exploring various types and relevant issues
Dr. José J. Vázquez-Cognet, the instructor, brings expertise and insights in market failures
Engages learners with in-depth discussions on public goods, common resources, and externalities
Provides a theoretical foundation for understanding how market failures occur and their implications
Requires prerequisite knowledge in economics, which may limit accessibility to some learners
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