Excludability - PowerPoint PPT Presentation

Government in the Free Market

Government in the Free Market . Public or Private Ownership. The Free Market is also known as Capitalism. http:// www.youtube.com/watch?v =BZV- Eiw_pGs. Minnesota Department of Education Social Studies Standards (2004) include in the high school economics standards (page 59)….

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411 views • 31 slides

EC 100 Week 2 LT

EC 100 Week 2 LT. Last Micro Class Exercise. This week: Public goods / Externalities. The result that decentralised markets with profit maximizing firms and utility maximising individuals maximises social welfare relies on the assumption that there are no externalities.

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382 views • 16 slides

Review of Chapters 1 – 3 and 5

Chapter Review. Review of Chapters 1 – 3 and 5. Chapter Review. CHAPTER 1: Economic Perspective (scarcity &amp; choice, purposeful behavior, marginal analysis): P4-5 Theories, Principles and Models (scientific method, generalization, other-things-being-equal): P5-6

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273 views • 11 slides

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