And miles to go before I sleep.....And miles to go before I sleep.
IB economics@yELLOWSUBMARINER
  • Home
    • Why Study Economics?
  • CO 2023
    • HOME - Class of 2023
    • Submariner Resources (23)
    • Section 1: Intro
    • Section 2: Micro >
      • 2.1 Markets
      • 2.2 Supply
      • 2.3 Supply + Demand
      • 2.4 (HL) Behaviour: consumer+firm
      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
      • 2.8 Market Failure
      • 2.9: market failure 2
      • 2.10 Market Failure (HL)
      • 2.11: theory of firm
      • 2.12: equity
    • Section 3: Macro >
      • 3.1 macro activity
      • 3.2 AD + AS
      • 3.3 macro objectives
      • 3.4 Inequality + Poverty
      • 3.5 monetary policy
      • 3.6 fiscal policy
      • 3.7 supply side
      • 13 Indices
    • Section 4: Global Economy >
      • 4.1 trade - why?
      • 4.2 trade protection 1
      • 4.3 trade protection 2
      • 4.4 integration
      • 4.5 exchange rates
      • 4.6 bop
      • 4.7 sustainability
      • 4.8 Measurement
      • 4.9 Barriers
      • 4.10 strategies
      • 13 Indices
    • 600 Dictionary List
    • Assessment >
      • Internal Assessment
      • Process Folio + Grading
      • Extended Essays
  • CO 2024
    • HOME - Class of 2024
    • Submariner Resources (24)
    • Section 1: Intro
    • Section 2: Micro >
      • 2.1 Demand
      • 2.2 Supply
      • 2.3 Supply + Demand
      • 2.4 (HL) Behaviour: consumer+firm
      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
      • 2.8 Market Failure
      • 2.9: Failure - Public Goods
      • 2.10 Failure Asymetric (HL)
    • 600 Dictionary List
    • Assessment >
      • Process Folio + Grading
      • Internal Assessment
      • Extended Essays
  • Big Ideas
  • Study Skills
    • Economics
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  • Bus + Econ
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    • Submariner Resources
    • Work @ Class
    • Work @ Home
    • News Logs
    • Research: What's the News today?
    • Dictionary / Glossary
    • Process Folio + Grading
    • Unit 1: Introduction
    • Units 2: MICRO Business Firm + Mixed Market >
      • 2.1 Demand
      • 2.2 Supply
      • 2.3 Supply + Demand
    • Unit 3: Macroeconomics >
      • Macro Project
      • 3.1 GDP
      • 3.2 Inflation
      • 3.3 Unemployment + HDI
      • 3.4 Taxation + Inequality
      • 3.5 Indices
      • 3.3 HDI + Happy Planet Index
      • 3.5 AD + AS
    • Unit 4: Development + Trade
    • unit 5: Stockmarket
  • Example Bank - Newspapers
  • Example Bank - Video
  • HP 3 Bank
  • Revision - 8
    • Revision - 8 strategies
    • Dictionary-Lists
    • 23 Essential Diagrams
    • Big Ideas
    • Last minute Micro.com
    • Last minute Macro.com
    • Last minute Trade.com
    • Last minute Development.com
  • 'How to' in economics?
  • Survey
  • Conclusion: The End or maybe...the Start!
Online Internships -  non- paid work experience for students
Why Study Economics?
Why Study Economics?
140  Syllabus Items +   Big Questions for 99
Full Ib Economics Syllabus
1.4 Mayu Notes
You   Tube 1.4
145 - IB Questions for 99
Syllabus 1.4
Market Failure
​ sample topics
141  Externalities - the blue box
143  4  Externalities
144  Market Failure + Welfare Loss
Market Failure: Real World Examples
Nike and Adidas
VW - Emissions Scandal
Bhopal Disaster
Other Topics of interest:
Micro Credit syllabus 4.3
1492  Revision 1.4
1.4 - Market Failure       Dictionary
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.









































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