Externalities

TOPIC:            Externalities

DATE:            TO BE ANNOUNCED

TEXT REFERENCES:    Mankiw, Chapter 10.

1.    External benefits

    A.    Definition

    B.    Why laissez faire market provides "too little" of the good

2.    External costs

    A.    Definition

    B.    Why laissez faire market provides "too much" of the good

3.    Internalizing externalities