Administrative Information
| Title | Positive and Negative Externalities |
| Duration | 45 |
| Module | C |
| Lesson Type | Lecture |
| Focus | Practical - Socially Responsible AI |
| Topic | Socially Responsible AI |
Keywords
externality,risk,unwanted consequences,
Learning Goals
- understanding externalities
- understanding unwanted side-effects
Expected Preparation
Learning Events to be Completed Before
Obligatory for Students
Optional for Students
- N/A
References and background for students
- N/A
Recommended for Teachers
- DeSerpa, A. C. (1993). Pigou and Coase in retrospect. Cambridge Journal of Economics, 17(1), 27–50. http://www.jstor.org/stable/23599668 [1]
Lesson materials
Instructions for Teachers
- Explain the concept of externality based on the Encyclopedia Britannica article
- Differentiate between positive and negative externalities
- Explain a few case studies (see slides)
- Best to start with environmental examples like pollution
- Use AI examples (see slides)
Outline
| Duration (Min) | Description |
|---|---|
| 15 | Concept of externality |
| 5 | Differences |
| 15 | Case studies |
| 10 | AI examples |
Acknowledgements
N/A
The Human-Centered AI Masters programme was Co-Financed by the Connecting Europe Facility of the European Union Under Grant №CEF-TC-2020-1 Digital Skills 2020-EU-IA-0068.