Module 11 Discussion Forum
Forum Instructions
In a post below, respond to the following prompt, which assesses the following outcomes:
- Course SLO 1: Identify the basic economic principles that serve as the foundation of economic analysis
- Course SLO 3:Analyze the economic impact of government regulation, price setting, and taxes on consumers and producers.
- Course SLO 4: Explain how externalities affect the efficiency of markets, and what can be done to improve the efficiency of markets in which externalities exist
- Module SLO: 112.1.1 – Explain and give examples of positive and negative externalities
Then, you must respond to 2 of your classmates' posts. After you post a response, you will be able to see other responses. You are not required to post more than required, but feel free to respond to other posts and engage with your classmates.
Your [first] post is due on [day of week] by [time] CST. Your response to another student is due on
[day of week] by [time] CST. [Adjust for number of posts required.]
Your response should be at least [length requirement in words, sentences, or paragraphs] long. This includes responses to other students' posts. [Include previous sentence if necessary.] A simple “I agree” or “Yes” or “LOL” will not count. Please think about the questions and your peers' responses and reply thoughtfully and courteously, according to netiquette rules. Use good English grammar, correct punctuation, and complete sentences. While the posts will mostly be judged by their thoughtfulness and completeness, I reserve the right to take off points for grammatical errors, especially if they interfere with the clarity of the post. [Edit as needed.]
Prompt
In Section 1, externalities are introduced as well as market failures, where the socially optimal output is not the same as what the market produces by itself. For this discussion, your task is to:
- Describe a real-world negative externality.
- In your externality identify who are the participants in the market and who receives the spillover?
- How are the incentives for the firm misaligned from the rest of society to make the externality?
- Reply, with potential solutions, to two of your peers’ posts.
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A forum for
discussion promotes peer-to-peer and student-instructor
interaction. Questions should be thought provoking and encourage detailed analysis of module topics. Include a rubric.
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