Material Detail

This activity is appropriate for an early class period in either a micro principles or an environmental economics course. The application relies on very little prior knowledge on the part of students. The application can work in a classroom of any size. The application and debriefing exercise will require at least 30 minutes but need not stretch across multiple class periods. This activity is a stand-alone activity best occurring at the beginning of the discussion of market failure due to negative externalities.

This application asks students to consider why the transition away from fossil fuels toward renewable energy has been so slow. Students will recognize that the price incentive favors fossil fuels due to the external nature of many of the environmental costs associated with using fossil fuels.

This will delete the comment from the database. This operation is not reversible. Are you sure you want to do it?

Thank you for reporting a broken "Go to Material" link in MERLOT to help us maintain a collection of valuable learning materials.

If you feel this material is inappropriate for the MERLOT Collection, please click SEND REPORT, and the MERLOT Team will investigate. Thank you!

You are being taken to the material on another site. This will open a new window.

Do not show me this again