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Market Failures, Externalities, and Public Goods: Why Markets Get It Wrong

Microeconomics, Public Economics

Market Failures, Externalities, and Public Goods Markets are amazing — but sometimes they get it spectacularly wrong Study smarterExternalities, public goods and the full market-failure toolkit are covered with diagrams and exam technique in the Economics Made Simple...

Net Present Value (NPV) and Present Value in Economics: Formula, Examples and Investment Decisions

Financial Economics, Mathematical Economics, Microeconomics, Public Economics

Net Present Value: Discounting, Investment Appraisal and the Rate That Decides EverythingA pound today is worth more than a pound next year. Everyone nods at that. Almost nobody appreciates that the exact size of “more” — a single number chosen before any...

Carbon Pricing and the Social Cost of Carbon: Nordhaus, Stern, and What the Evidence Shows

Environmental Economics, Microeconomics, Public Economics

See it in the real worldSweden’s carbon tax, the EU ETS and British Columbia are three of the 100 cases worked through in Economics Case Studies — 543 pages of real examples with full analysis.Introduction: The Externality That Ate the Planet Climate...

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