A detailed consideration of consumer and producer surplus as well as their role in the determination of market efficiency. This is combined with several numerical examples that allow students to review the process of finding equilibrium given linear
A theoretical overview of negative production and consumption externalities that includes all relevant graphs as well as digital examples of advertisements and videos that serve to illustrate how ads are used to force consumers to internalize the
Covers the theory of positive externalities and public goods. All graphs and definitions are included as well as question prompts for student discussion and examples of methods used to mitigate the externality. Adheres to HL IB Economics standards.