Learning squad Reflection - humans Policy in Economics
ECO/365
Learning Team Reflection - Public Policy in Economics Page 2
Learning Team Reflection - Public Policy in Economics
This week we analyze the effect of externalities on market outcomes and we learned to differentiate between positive and negative externalities. This should help us identify examples of two positive and negative externalities and also identify who or what is positively or negatively affected.
Topics We Feel Comfortable With
Most of Team A feels comfortable with the topic of externalities and how they relate to the decisions consumers, businesses, and governments present on a regular basis. Justin enjoyed the different examples that our classmates provided when describing how they felt externalities were prevalent in our society. We also learned that externalities are factors whose costs and benefits are non reflected in the market price of goods and services. Laura explained how externalities can be a loss or a gain for one party resulting from activity by another party without there cosmos any compensation for the party who lost out.
Tim appreciated the intervention around government actions and how the government can actually make things worse by getting involved.
Laura learned about horizontal, good and conglomerate unifyrs (and their effect on competition and innovation) are that the 5 reasons that two unrelated firms would want to
Learning Team Reflection - Public Policy in Economics Page 3
merge could be 1) economies of scope, 2) a good buy, 3) diversification, 4) warding off of a coup detat bid, and 5) strengthening of political-economic influence.
Topics We Struggled With
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