Explore the field of Environmental Economics which studies the interaction between environmental policies and economic practices, aiming to balance ecological concerns with economic growth.
Dive into the concept of externalities, the indirect costs or benefits that affect uninvolved parties in an economy, and how they influence regulatory policies.
Explore the definition, key takeaways, and historical examples of economic collapses worldwide. Learn about the causes, effects, and responses to these drastic economic downturns.
Explore the concept of market failure, its causes including externalities and monopolies, and the implications for both market dynamics and public policy interventions.
Explore how the free rider problem impacts economic systems, illustrating its effects on public goods and services, and examining potential solutions.
Understand the concept of Pareto Efficiency in economics, its theoretical importance, and practical implications for policy making.
Explore George A. Akerlof's lemon theory illustrating how asymmetric information affects market quality and consumer choice, primarily in the used car industry.
