IB Economics 2.8.1: Common Pool Resources, Externalities & The Tragedy of the Commons скачать в хорошем качестве

IB Economics 2.8.1: Common Pool Resources, Externalities & The Tragedy of the Commons

Welcome to IB DP Economics Unit 2.8.1: Market Failure! This essential video explains Common Pool Resources (CPR), the difference between rivalry and non-excludability, and the classic case of the Tragedy of the Commons. We connect these concepts to Externalities, Allocative Efficiency, and Unsustainable Production. Master this crucial topic for all IB Economics HL and SL students! In this complete lesson, you will master Common Pool Resources and Market Failure: 00:00 - Intro 04:50 - Explain market failure as the failure to achieve allocative efficiency Explain the meaning of common pool resources in terms of 06:37 - the tragedy of the commons 07:37 -the concepts of rivalry and non-excludability 09:58 - Explain the meaning of unsustainable production 13:52 - Draw a diagram illustrating allocative efficiency and socially optimum output 11:33 - Explain the meaning of externalities as an example of market failure 15:25 - Explain when and how the socially optimum output is produced lll This lesson is the foundation for analyzing environmental policy in economics! Use this video to master your market failure diagrams and understand real-world environmental problems. ⚡️ Quick Review:    • IB Economics 2.8.1: Common Pool Resources ...   🚀 Next Lesson (Unit 2.8.2):    • IB Economics 2.8.2: Negative Production Ex...   📚 Full IB Economics Unit 2 Playlist (Microeconomics):    • IB DP Economics Course: Unit 2 - Microecon...   🔔 Subscribe for more full IB DP Economics courses, market failure analysis, and exam tips!    / @kevinmeansbusiness   #ibeconomics #microeconomics #economics #econ #studytips #studytube #ib #externalities Relevant Keywords/Tags: IB DP Economics 2.8.1 Common Pool Resources explained Tragedy of the Commons Market Failure allocative efficiency Rivalry and Non-Excludability Socially Optimum Output MSB MSC Externalities economics Unsustainable Production IB Economics HL/SL video lesson