Externalities
Introduce the concept of externalities.
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This active lesson emphasizes the four major externalities found when production and consumption affect individuals outside of the immediate producer and consumer. Students will practice how to draw and label graphs of the four types of externalities.
Externalities
Introduce the concept of externalities.
Herd Immunity and Positive Externalities Lesson
Investigate the concept of positive externalities.
Marginal Analysis: How Clean Is Clean Enough?
Illustrate marginal cost of cleaning up pollution.
Supply and Demand of Pollution
Examine what happens when the supply or demand of pollution disposal changes.
The Emissions Simulation
Define emissions tax and tradable permit system.
Green Is the New Gold
Understand factors of production and analyze businesses production processes.
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