Crash Course Economics

tv show

poster for Crash Course Economics

35 total episodes

-

1 seasons

First Aired July 08, 2015

Overview

In which Adriene Hill and Jacob Clifford teach you all about economics.

Market Failures, Taxes, and Subsidies poster unavailable

Market Failures, Taxes, and Subsidies

Season 1 - Episode 21 - 0h 10m

Air Date

January 22, 2016

Overview

This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ.