Market Failure

What is market failure? Types of market failure, the existence of externalities and a thorough discussion of positive and negative externalities along with diagrams and examples have been provided in this extensive presentation. Should the government intervene? Is allocative efficiency achieved? Is there deadweight loss? Those are just some of the questions that would come to mind when dealing with market failure... 

Download the Presentation: Market Failure

Comments

Post a Comment

Popular posts from this blog

Matt Botcheff’s Stock Market Challenge

Image
Michael Douglas portraying Gordon Gecko in the movie “Wall Street” (1987)    Now, that you are about to finish the two-year high-school International Baccalaureate (IB) Economics class, and are packing your bags getting ready for college, might possibly be the best time to embark on a new adventure…  In class, time and again, we have mentioned the stock market as a major factor in Economics, as well as a useful investment tool in advanced economies. Statistically, as much as a third of personal wealth is invested there, and therefore, whether one knows much about it or not, it still affects people’s lives and world economies. So, why not take the stock market challenge and apply some (if not all!) of the Economics concepts we had studied all along? While this is just a game, and no money is invested, no actual stocks are traded, and no real gains or losses are booked, please keep in mind that the stock market is a market where fortunes are made or lost, where risk ...
Read more

The Balance between Markets and Intervention

This is the last presentation in Economic Development and recapitulates the various issues related to developing nations' economic development. What are market-led strategies? How do they differ from the Interventionist Strategies? In addition to providing a historical overview of the type of strategies used worldwide, a statement on the possible solutions for the 21-st Century is presented: one-size-fits-all or a tailored solution? You are welcome to  download  the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 
Read more