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syllabus 2.8  
Market Failure


Home
Syllabus 2.8 
​
Market Failure

99
280  Big Ideas  2.8

426
Quizlet 426
IBQ

IBQ samples
Syllabus 2.8 Market Failure
Additional Resources:
141  The Blue Box
143  4  Externalities
144  Market Failure + Welfare Loss
147 - 2nd Externalities diagram
149 -  Welfare + Externalities
1493 - Deadweight + Welfare Loss
4 Types of Goods
CAP - support for farmers
Peer Tutoring: Market Failure Blue BOx
PART 1
287 Tutor Instructions
288 Blue BOX - 4 Tips
143 Externalities - 4 diagrams
PART 2
288 Tutor Instructions
289 Diagrams
 River Wye Externalities
VID 16: River Wye Pollution + Market Failure
Solutions to Market Failure
ETS - European Trading Scheme
European Green Deal Explained
European Green Deal
Research Modules
2878 Tutor Instructions
2888 River Wye Tax solution
142 Research  Role Play
148 - Research 'On your bike'
1491- Market Failure- worksheet
News Article: Why Education? (1)
News Article: Why Education? (2)
VID 1: Plastic: market failure?
VID 2: Sports wear: market failure?
VID 3: Welker on Market Failure
VID 4: Bhopal Disaster
VID 10: Tutor2U on Externalities
VID 13: Plastic in the Ocean 1
VID 14: Plastic in the Ocean 2
VID 15: Tragedy of the Commons
Picture
VID 6: Foodie - Externalities
VID 7: Global warming: Zimbabwe
VID 8: BBC Climate Change
VID 9: Patrick Moore - a  Greenpace critic
VID 11: Sustainability: Doughnut Economics
VID 12: Sustainability: Doughnut Economics in Amsterdam
You   Tube 2.8
2.8 - Key Terms
1.     Market failure

2.     Welfare loss

3.     EU Emission Trading Scheme (EU ETS)

4.     extending property rights

5.     external benefit

6.     external cost

7.     marginal private costs (MPC)

8.     marginal social costs (MSC)

9.     market failure

10.  merit goods

11.  nationalization

12.  negative externalities of consumption

13.  negative externalities of production

14.  positive externalities of consumption

15.  positive externalities of production

16.  privatization

17.  public goods (non rivalrous / non excludable)

18.  free rider problem

19.  demerit goods

20.  merit goods

21.  tradable permits

22.  regulator

23.  common access resources

24.  sustainability

HL

25.  asymmetric information

26.  monopoly


Syllabus phrases to watch out for:

1.     public goods (non rivalrous / non excludable)

2.     free rider problem

3.     carbon taxes

4.     ‘cap and trade’ scheme

For HL students should watch out for the following in relation to item 41 of the syllabus:

5.     nationalization

6.     trade liberalization

note: 5+6 are possible responses to monopoly and government could use options 5 and 6 to reduce the anti competitive nature of the monopoly.









































Picture
1494-Answers (PDF)
150 Answers - pdf file
140- Big Ideas (Powerpoint)

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