Chapter 28 - Government and Market Failure: In this chapter you will learn:

• How public goods are distinguished from private goods.
• The method for determining the optimal quantity of a public good.
• The basics of cost-benefit analysis.
• About externalities (spillover costs and benefits) and the methods to remedy them.
• How information failures can justify government interventions in some markets.

Chapter 29 - The Economics of Taxation: In this chapter you will learn:

• The different tax philosophies and ways to distribute a nation's tax burden.
• The principles relating to tax shifting, tax incidence, and efficiency losses from taxes.

Econ in the News - Unit 42.4 "Market Failure"