1. Watch the "Common Resources (Common Goods) in Economics" and "Tragedy of Commons/The Problem with Open Access" videos at the bottom of this page and explaining what you learned from them. Fully explainin paragraph form the various aspects of the common-pool problem.
2. Watch the "Pollution, The Government, and MSB=MSC - Microeconomics Topic 6.2" video. Explain how the optimal level of pollution is determined? Fully explain in paragraph form marginal social benefit and marginal social cost. What is the relationship between marginal cost and marginal benefit at the optimal level of pollution?
3. Watch the "Coase Theorem" video at the bottom of this page and explaining what you learned from them. Fully explainin paragraph form the various aspects of the Coase Theorem including negative externalities. Give some examples of negative externalities in your home town.
4. Watch the "Environmental Laws Through the Decades in the United States" video at the bottom of this page. Identify and describe the four federal laws which regulate air, water, and land pollution.
5. Watch the "Positive Externalities" and "Episode 32: Externalities" videos at the bottom of this page explaining what you learned from them. Fully define positive externalities and discuss how the federal government promotes positive externalities. Give some examples of positive externalities in your home town.
6. Watch the "Income & Wealth Inequality", "The Lorenz Curve" and "Social Policy" videos at the bottom of this page and explaining what you learned from them. Fully explainin paragraph form discuss the following: income distribution, the Lorenz curve, main reasons for income inequality, income redistribution programs, poverty, and the unintended consequences of income assistance. Video Sources for the questions:

https://youtu.be/1-SH3kJpVA4

https://youtu.be/OYMf9zJikVU

https://youtu.be/h2O22KtjSck

https://youtu.be/Cu-pJRMf6vo

https://youtu.be/WYA1y405JW0

https://youtu.be/OmEIXwXjnfU

https://youtu.be/OscCl8l9jLg

https://youtu.be/yC5R9WPId0s

https://youtu.be/0xMCWr0O3Hs

https://youtu.be/v4GESvq28Io

https://youtu.be/j6TnMGJF9sA

https://youtu.be/Sc6mcSF9Gdc

https://youtu.be/hvMAec06_Uo

https://youtu.be/mlxLX8Fto_A