Negative Externalities
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Uploader Comments (pajholden)
Top Comments
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my economics teachers spend most lessons playing your videos and eating crisps
2 weeks ago 10
All Comments (154)
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@TheMitchmaestro Paj > every economics teacher.
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lol, this video isn't just for A2 students. It has helped me revise negative transport externalities for my MSc Transport Degree. So thanks!
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paj. you are a god!
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Phil explains it so well i feel like i am cheating on my exam when i watch his videos! hehe! :)
2 weeks ago 2
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thankyou soo much didn't have a clue in class what this was
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i wonder who the hell disliked the video >:|
2 weeks ago 4
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Love your videos! I'm taking IB economics and we were told that there are two different graphs for negative externalities of consumption and production, you only have one...? which is it? i'm confused
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Hahahaha Paj > My economics teache
3 weeks ago 3
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omg paj i love you. you save my life for every test. my teacher is nothing compared to you.
never stop making videos:) hope to meet you one day
1 month ago 3
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Surely thats wrong, you have put a tax on it, rasing their MPC, but this doesnt equal MSC therefore there is still a market failure and thus you havent corrected the martet at all? Ali A2 student
alih15 1 year ago
@alih15 it is a correction as long as the size of the welfare loss created by the negative externality has been reduced. It does not have to be entirely removed to be a correction. The size of the tax will dictate how much the welfare loss gets reduced. A big enough tax could remove the welfare loss altogether.
pajholden 1 year ago 8
can you use supply and demand to show this? and just say that ''if we include external cost the supply curve will shift to the left''?
ErebusTV 1 year ago
@ErebusTV Hello- no you cannot use D and S curves - they are different things! You really have to think about the purpose of the curves and what points on the curves mean to realise the differenc between the two kinds of curves. Regards, PAJ Holden
pajholden 1 year ago 5