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Boundless Lecture Slides

Boundless Lecture Slides. Available on the Boundless Teaching Platform. Free to share, print, make copies and changes. Get yours at www.boundless.com. Using Boundless Presentations. Boundless Teaching Platform

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Boundless Lecture Slides

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  1. Boundless Lecture Slides Available on the Boundless Teaching Platform Free to share, print, make copies and changes. Get yours at www.boundless.com

  2. Using Boundless Presentations Boundless Teaching Platform Boundless empowers educators to engage their students with affordable, customizable textbooks and intuitive teaching tools. The free Boundless Teaching Platform gives educators the ability to customize textbooks in more than 20 subjects that align to hundreds of popular titles. Get started by using high quality Boundless books, or make switching to our platform easier by building from Boundless content pre-organized to match the assigned textbook. This platform gives educators the tools they need to assign readings and assessments, monitor student activity, and lead their classes with pre-made teaching resources. Get started now at: • The Appendix The appendix is for you to use to add depth and breadth to your lectures. You can simply drag and drop slides from the appendix into the main presentation to make for a richer lecture experience. http://boundless.com/teaching-platform • Free to edit, share, and copy Feel free to edit, share, and make as many copies of the Boundless presentations as you like. We encourage you to take these presentations and make them your own. If you have any questions or problems please email: educators@boundless.com Free to share, print, make copies and changes. Get yours at www.boundless.com

  3. About Boundless • Boundless is an innovative technology company making education more affordable and accessible for students everywhere. The company creates the world’s best open educational content in 20+ subjects that align to more than 1,000 popular college textbooks. Boundless integrates learning technology into all its premium books to help students study more efficiently at a fraction of the cost of traditional textbooks. The company also empowers educators to engage their students more effectively through customizable books and intuitive teaching tools as part of the Boundless Teaching Platform. More than 2 million learners access Boundless free and premium content each month across the company’s wide distribution platforms, including its website, iOS apps, Kindle books, and iBooks. To get started learning or teaching with Boundless, visit boundless.com. Free to share, print, make copies and changes. Get yours at www.boundless.com

  4. Public Goods Market Failure: Public Goods and Common Resources Common Resources ] Market Failure: Public Goods and Common Resources Free to share, print, make copies and changes. Get yours at www.boundless.com

  5. Market Failure: Public Goods and Common Resources > Public Goods Public Goods • Defining a Good • Private Goods • Public Goods • Optimal Quantity of a Public Good • Demand for Public Goods • Cost-Benefit Analysis Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/market-failure-public-goods-and-common-resources-8/public-goods-61/

  6. Market Failure: Public Goods and Common Resources > Common Resources Common Resources • The Tragedy of the Commons • The Free-Rider Problem Free to share, print, make copies and changes. Get yours at www.boundless.com www.boundless.com/economics/textbooks/boundless-economics-textbook/market-failure-public-goods-and-common-resources-8/common-resources-62/

  7. Appendix Free to share, print, make copies and changes. Get yours at www.boundless.com

  8. Market Failure: Public Goods and Common Resources Key terms • Common goodGoods which are rivalrous and non-excludable. • Cost-benefit analysisA systematic process for calculating and comparing the marginal benefits and marginal costs of a project or activity. • Enlightened Self-InterestThe ability for individuals to realize when their actions, collectively, will trade long-term benefit for short-term gain. • ExcludableA good for which it is possible to prevent consumers who have not paid for it from having access to it. • ExcludableA good for which it is possible to prevent consumers who have not paid for it from having access to it. • free riderSomeone who enjoys the benefits of a good without paying for it • net present valueThe present value of a project determined by summing the discounted incoming and outgoing future cash flows resulting from the decision. • Non-excludableNon-paying consumers cannot be prevented from accessing a good • Non-rivalrousA good whose consumption by one consumer does not prevent simultaneous consumption by other consumers • public goodA good that is non-rivalrous and non-excludable. • public goodA good that is non-rivalrous and non-excludable. • RivalA good whose consumption by one consumer prevents simultaneous consumption by other consumers Free to share, print, make copies and changes. Get yours at www.boundless.com

  9. Market Failure: Public Goods and Common Resources • RivalrousA good whose consumption by one consumer prevents simultaneous consumption by other consumers. Free to share, print, make copies and changes. Get yours at www.boundless.com

  10. Market Failure: Public Goods and Common Resources Four Types of Goods There are four categories of goods in economics, based on whether the goods are excludable and/or rivalrous in consumption. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Goods."CC BY-SAhttps://commons.wikimedia.org/wiki/File:Goods.jpgView on Boundless.com

  11. Market Failure: Public Goods and Common Resources Ice Cream Cone An ice cream cone is an example of a private good. It is excludable and rival. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Strawberry ice cream cone (5076899310)."CC BYhttps://commons.wikimedia.org/wiki/File:Strawberry_ice_cream_cone_(5076899310).jpgView on Boundless.com

  12. Market Failure: Public Goods and Common Resources Bluefin Tuna Caught in Net Fish populations are at risk of becoming fully extinct due to overfishing. The Food and Agriculture Association estimated 70% of the world's fish species are either fully exploited or depleted. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Tuna ensnared."Public domainhttp://commons.wikimedia.org/wiki/File:Tuna_ensnared.jpgView on Boundless.com

  13. Market Failure: Public Goods and Common Resources Demand for a Public Good The sum of the individual marginal benefit curves (MB) represent the aggregate willingness to pay or aggregate demand (∑MB). The intersection of the aggregate demand and the marginal cost curve (MC) determines the amount of the good provided. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikipedia."Samuelson condition."CC BY-SAhttp://en.wikipedia.org/wiki/File:Samuelson_condition.pngView on Boundless.com

  14. Market Failure: Public Goods and Common Resources Roads Free riders are able to use roads without paying their taxes because roads are a non-excludable public good. Free to share, print, make copies and changes. Get yours at www.boundless.com Flickr."All sizes | Construction Traffic on I-376 | Flickr - Photo Sharing!."CC BYhttp://www.flickr.com/photos/daveynin/3783492242/sizes/o/in/photostream/View on Boundless.com

  15. Market Failure: Public Goods and Common Resources The Highway as a Public Good The benefits of a highway expansion project might include time savings for passengers, additional passenger trips, and saved lives. Costs might include construction and maintenance. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Auto stoped highway."CC BY-SAhttps://commons.wikimedia.org/wiki/File:Auto_stoped_highway.JPGView on Boundless.com

  16. Market Failure: Public Goods and Common Resources Streetlight A streetlight is an example of a public good. It is non-excludable and non-rival in consumption. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Streetlight pont des Catalans sunset."CC BY-SAhttps://commons.wikimedia.org/wiki/File:Streetlight_pont_des_Catalans_sunset.jpgView on Boundless.com

  17. Market Failure: Public Goods and Common Resources Optimal Quantity of a Public Good The optimal quantity of public good occurs where MB = MC. Free to share, print, make copies and changes. Get yours at www.boundless.com Wikimedia."Optimal Quantity of a Public Good."CC BY-SAhttps://commons.wikimedia.org/wiki/File:Optimal_Quantity_of_a_Public_Good.jpgView on Boundless.com

  18. Market Failure: Public Goods and Common Resources Attribution • Wikipedia."Excludable."CC BY-SA 3.0http://en.wikipedia.org/wiki/Excludable • Wikipedia."Rival."CC BY-SA 3.0http://en.wikipedia.org/wiki/Rival • Wikispaces."mrski-apecon-2008 - Ch.11 Public Goods and Common Resources."CC BY-SAhttps://mrski-apecon-2008.wikispaces.com/Ch.11+Public+Goods+and+Common+Resources • Wikispaces."mrski-apecon-2008 - Ch.11 Public Goods and Common Resources."CC BY-SAhttps://mrski-apecon-2008.wikispaces.com/Ch.11+Public+Goods+and+Common+Resources • Wikibooks."Transportation Economics/Goods."CC BY-SA 3.0http://en.wikibooks.org/wiki/Transportation_Economics/Goods • Wikibooks."Strategy for Information Markets/Features of Goods."CC BY-SA 3.0http://en.wikibooks.org/wiki/Strategy_for_Information_Markets/Features_of_Goods • Wikipedia."Public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_good • Wikipedia."Common good (economics)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common_good_(economics) • Wikipedia."Private good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Private_good • Wikipedia."Good (economics)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Good_(economics) • Wikipedia."Rivalrous."CC BY-SA 3.0http://en.wikipedia.org/wiki/Rivalrous • Wikipedia."Excludable."CC BY-SA 3.0http://en.wikipedia.org/wiki/Excludable • Wikispaces."13ecoHGHS - market failure 3.3."CC BY-SAhttp://13ecohghs.wikispaces.com/market+failure+3.3 • Wikibooks."Strategy for Information Markets/Features of Goods."CC BY-SA 3.0http://en.wikibooks.org/wiki/Strategy_for_Information_Markets/Features_of_Goods%23Private_good • Wikipedia."Private good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Private_good • Wiktionary."free rider."CC BY-SA 3.0http://en.wiktionary.org/wiki/free_rider • Wikipedia."Non-rivalrous."CC BY-SA 3.0http://en.wikipedia.org/wiki/Non-rivalrous Free to share, print, make copies and changes. Get yours at www.boundless.com

  19. Market Failure: Public Goods and Common Resources • Wikipedia."Non-excludable."CC BY-SA 3.0http://en.wikipedia.org/wiki/Non-excludable • Wikispaces."PublicEcon - Public Goods."CC BY-SAhttp://publicecon.wikispaces.com/Public+Goods • Wikispaces."PublicEcon - Public Goods."CC BY-SAhttp://publicecon.wikispaces.com/Public+Goods • Wikispaces."mrski-apecon-2008 - Ch.11 Public Goods and Common Resources."CC BY-SAhttps://mrski-apecon-2008.wikispaces.com/Ch.11+Public+Goods+and+Common+Resources • Wikipedia."Public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_good • Wikipedia."Public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_good • Wikipedia."Cost-benefit analysis."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cost-benefit%20analysis • Wikispaces."13ecoHGHS - market failure 3.3."CC BY-SAhttp://13ecohghs.wikispaces.com/market+failure+3.3 • Wikispaces."13ecoHGHS - market failure 3.3."CC BY-SAhttp://13ecohghs.wikispaces.com/market+failure+3.3 • Wikispaces."RE-Econ - Market Failure and the Role of Government."CC BY-SAhttp://re-econ.wikispaces.com/Market+Failure+and+the+Role+of+Government • Wikispaces."PublicEcon - Public Goods."CC BY-SAhttp://publicecon.wikispaces.com/Public+Goods • Wikipedia."public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/public%20good • Wikispaces.CC BY-SAhttp://mrski-apecon-2008.wikispaces.com/file/detail/public%20goods%20and%20common%20resources.ppt • Wikispaces."PublicEcon - Public Goods."CC BY-SAhttp://publicecon.wikispaces.com/Public+Goods • Wikipedia."Public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_good • Wiktionary."net present value."CC BY-SA 3.0http://en.wiktionary.org/wiki/net_present_value • Wikibooks."Fundamentals of Transportation/Evaluation."CC BY-SA 3.0http://en.wikibooks.org/wiki/Fundamentals_of_Transportation/Evaluation%23Example_1:_Benefit_Cost_Application • Wikipedia."Cost benefit analysis."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cost_benefit_analysis • Wikispaces."13ecoHGHS - market failure 3.3."CC BY-SAhttp://13ecohghs.wikispaces.com/market+failure+3.3 Free to share, print, make copies and changes. Get yours at www.boundless.com

  20. Market Failure: Public Goods and Common Resources • Wikispaces."mrski-apecon-2008 - CHAPTER 11- PUBLIC GOODS AND COMMON RESOURCES."CC BY-SAhttps://mrski-apecon-2008.wikispaces.com/CHAPTER+11-+PUBLIC+GOODS+AND+COMMON+RESOURCES • Wikipedia."Cost–benefit analysis."CC BY-SA 3.0http://en.wikipedia.org/wiki/Cost%E2%80%93benefit_analysis • Boundless Learning."Boundless."CC BY-SA 3.0http://www.boundless.com//economics/definition/enlightened-self-interest • Wikipedia."Common good."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common%20good • Wikipedia."Common good (economics)."CC BY-SA 3.0http://en.wikipedia.org/wiki/Common_good_(economics) • Wikipedia."Fallacy of composition."CC BY-SA 3.0http://en.wikipedia.org/wiki/Fallacy_of_composition • Wikipedia."Tragedy of the commons."CC BY-SA 3.0http://en.wikipedia.org/wiki/Tragedy_of_the_commons • Appropedia."Tragedy of the commons - Appropedia: The sustainability wiki."CC BY-SAhttp://www.appropedia.org/Tragedy_of_the_commons • Wikispaces."model-economy - A solution to the tragedy of the commons."CC BY-SAhttp://model-economy.wikispaces.com/A+solution+to+the+tragedy+of+the+commons • Wikipedia."public good."CC BY-SA 3.0http://en.wikipedia.org/wiki/public%20good • Wikipedia."Public goods."CC BY-SA 3.0http://en.wikipedia.org/wiki/Public_goods • Wikipedia."Free rider problem."CC BY-SA 3.0http://en.wikipedia.org/wiki/Free_rider_problem Free to share, print, make copies and changes. Get yours at www.boundless.com

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