Watch as an economics instructor guides students through what happens when the free market fails to allocate an efficient quantity. He attempts in 90 seconds or less to discuss the positive externality graph and how a government can come in and fix the market failure.

Concepts

macroeconomics, market economies, the free market, externalities

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Additional Tags

social studies

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Instructional Ideas

• Consider having students watch this video at home so they can progress through the content at their own pace, and then ask them to re-teach the concept to their peers the following day

Classroom Considerations

• The presenter moves very quickly through the material. This video should only be used as a review or study aid, rather than as a stand-alone lesson

• This video is hosted on YouTube

Pros

• Uses whiteboard to help illustrate economic concept
• Quick overview of topic

Cons

• None

Common Core

RH.11-12.4 RH.11-12.7