• Define externality, market failure, transaction costs, monopoly,  greenwashing, and green certification  • Provide examples or hypothetical scenarios of the market response  model, Coase Theorem, and Cap and Trade  • Identify real-world examples market-based solutions to environmental  problems and policies related to those solutions  • Critically analyze the implicit assumptions of real-world  market-based solutions to environmental problems, and explain if and in  what ways they are misguided  lecture delivered by O. Vila  Corresponds to  Robbins, P., Hintz, J., & Moore, S. A. (2014). Environment and  society: a critical introduction. John Wiley & Sons.  Listen via Restorative Natech podcast: https://anchor.fm/bethany-cutts (or where ever y'all find podcasts)