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Micro 6.1 Negative Externalities: Econ Concepts in 60 Seconds-Externality

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Uploaded by on Jan 14, 2010

Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal social cost (MSC) which includes the additional costs to society. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class.

ACDC is Mr. Clifford's teaching philosophy:
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  • who knew that taxes could solve lung cancer

  • The awkward moment when you learn more from watching this 2:30 minute video than you have during an entire semester of AP mirco...

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  • I love you so much. My IB economics teacher manages to elude all of our class with his half-assed explanations. You're brilliant! :O

  • Man you just saved my life! I don't even that stupid fat book. All I need is you with your 60 seconds!

  • this fucking guy is the shit

  • THANK YOU SO MUCH

  • You said 60 seconds...but it shows 90-3-" Anyways...it helps!!!

    love ur video!!!

  • You said 60 seconds...but it shows 90-3-"

  • amazing work !!

    

  • @engageGODMODE haha totally agreeee!

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