OpenCourser brand icon
Sign in
We may earn an affiliate commission when you visit our partners.

Externalities

Save
May 1, 2024 Updated May 9, 2025 29 minute read
Jump to courses and books

In the realm of economics, an externality refers to a cost or benefit experienced by a third party who did not choose to incur that cost or benefit. Essentially, these are side effects, either positive or negative, of an economic activity that are not reflected in the market price of the goods or services produced. Understanding externalities is crucial because they represent a form of market failure, where the private costs or benefits of an action diverge from the social costs or benefits, leading to inefficient outcomes.

Path to Externalities

Take the first step.
We've curated seven courses to help you on your path to Externalities. Use these to develop your skills, build background knowledge, and put what you learn to practice.
Sorted from most relevant to least relevant:

Share

Help others find this page about Externalities: by sharing it with your friends and followers:
Facebook
LinkedIn
Reddit
X
Link
Email

Reading list

We've selected four books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Externalities.
Cover image
Water Marketing, the Next Generation
Save
Examines the role of property rights in addressing externalities. The book is written by two leading experts in the field of law and economics.
Water Marketing: The Next Generation
Paperback
$$
Cover image
Who Owns the Environment?
Save
Examines the role of property rights in addressing externalities. The book is written by two leading experts in the field of law and economics.
Who Owns the Environment? (The Political Economy...
Kindle Edition
$$$
Share this
Share to help others explore Externalities:
Facebook LinkedIn X Reddit Link Email
Table of Contents
Our mission

OpenCourser helps millions of learners each year. People visit us to learn workspace skills, ace their exams, and nurture their curiosity.

Our extensive catalog contains over 50,000 courses and twice as many books. Browse by search, by topic, or even by career interests. We'll match you to the right resources quickly.

Find this site helpful? Tell a friend about us.

Affiliate disclosure

We're supported by our community of learners. When you purchase or subscribe to courses and programs or purchase books, we may earn a commission from our partners.

Your purchases help us maintain our catalog and keep our servers humming without ads.

Thank you for supporting OpenCourser.

© 2016 - 2025 OpenCourser