These YouTube clips help us to understand some of the ideas to do with Market Failure. Some of the ideas in the first clip are not needed for IGCSE understanding (adverse selection and moral panic). 1) General understanding of Market Failure 2) Negative Externalities Explained Note this uses Marginal Costs and Marginal Benefits curves. Marginal [...]
From flickr.com. Uploaded on April 2, 2007 by SideLong Before starting to understand Price Elasticity of Supply, it is worth recapping Price Elasticity of Demand. Click on the following link: www.business2000.ie provides an interactive quiz on PED This site introduces the main concepts of Price Elasticity of Supply: Slideshow from http://www.econ.ucsb.edu This site gives a [...]
Good recap video: Good overview video: Activity: Recapping Factors Affecting Demand and Supply Econedlink Site Activity: Exploring changes in Supply and Demand Ecedweb Site Activity: How changes in Supply and/or Demand affect Market Equilibrium College Cram Site More sophisticated diagram analysis of teh same issue Whitenova Site Activity: Activity: Changes in Supply and Demand [...]
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