G11 - Week 11 - Day 2

In-class work

1. Ch. 6 vocabulary and diagram flashcards
2. Questions

3. Introduction to Market Failure

4. Negative Externalities of Production

5. Competitive markets (p. 25)
1. Market failure occurs when any of the assumptions for perfectly competitive markets are NOT true
6. Command and Control Solutions
7. The Coase Theorem

At-home work

1. Ch. 6 vocabulary and diagram quiz
2. Negative Externalities of Consumption as a Market Failure - part 1
3. Negative Externalities of Consumption as a Market Failure - part 2