Microeconomics [IB Economics SL] - Government Intervention and Market Failure [IB Economics SL/HL]
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3 learners
What you'll learn
This course includes
42 min of video
Certificate of completion
Access on mobile and TV
Summary
Full Transcript
This video analyses why the market sometimes fails to allocate resources efficiently and evaluates typical government responses to market failure.
0:00 – Allocative Efficiency in a Free Market
0:41 – Price Controls
1:46 – Indirect Taxes and Subsidies
2:30 – Consumption Externalities
3:32 – Production Externalities
4:24 – Common Access Resources
5:06 – Public Goods
5:54 – Evaluating Government Intervention
More IB Economics Videos & Exam Questions can be found at:
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https://www.revisionvillage.com
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