Externalities
Introduce the concept of externalities.
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Lessons & Activities
46-60 min
Herd Immunity and Positive Externalities Lesson
OVERVIEW
In this lesson, students participate in a simulation using the idea of herd immunization to investigate the concept of positive externalities related to market failure and the role of government.
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Marginal Analysis: How Clean Is Clean Enough?
Illustrate marginal cost of cleaning up pollution.
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31-45 MIN
Supply and Demand of Pollution
Examine what happens when the supply or demand of pollution disposal changes.
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The Emissions Simulation
Define emissions tax and tradable permit system.
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Green Is the New Gold
Understand factors of production and analyze businesses production processes.
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Property Rights
Illustrate the Coase Theorem using a lake-pollution activity.
