AP Unit VIII. Market Failure and the Role of Government

Readings: Modules 74, 75, 76, 77, 78

  • Externalities
    • Marginal social benefit and marginal social cost
    • Positive externalities
    • Negative externalities
    • Remedies
  • Public goods
    • Public versus private goods
    • Provision of public goods
  • Public policy to promote competition
    • Antitrust policy
    • Regulation
  • Income distribution
    • Equity
    • Sources and measures of income inequality

Market Failures
Price Floor Price Ceiling

Externality Project Due: Sunday Feb. 17, 11:59pm
Final Assignment must be uploaded to YouTube
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Unit 5 Practice Test

Article #5 “Think Globally, Act Irrationally: Recycling