Econ Unit 6

Econ Unit 6
Topic 2.7
A. Externalities
Unit 6 Scales
1.Marginal social benefit and marginal social cost
2.Positive externalities
3.Negative externalities
5. Price and quantity controls
B. Public goods
1.Public versus private goods
2.Provision of public goods

Market Failures and Government Intervention
Social Goals and Market Efficiency
Principles and Types of Taxes
Spending, Transfer payments, Subsidies, Deficit and Debt