{"id":938,"date":"2012-01-08T03:46:33","date_gmt":"2012-01-08T09:46:33","guid":{"rendered":"http:\/\/opengecko.com\/?p=938"},"modified":"2012-01-08T03:46:33","modified_gmt":"2012-01-08T09:46:33","slug":"enquirymarket-failure-and-possible-solutions-in-real-life-issues","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/enquirymarket-failure-and-possible-solutions-in-real-life-issues\/","title":{"rendered":"Enquiry–Market Failure and Possible Solutions in Real Life Issues"},"content":{"rendered":"

This activity is designed to address the following syllabus point from the Cambridge IGCSE Syllabus (0455) for Economics:<\/p>\n

\n

define private and social costs1<\/sup> and benefits and discuss conflicts of interest in relation to these costs
and benefits in the short term and long term through studies of the following issues:
\u2022 conserving resources versus using resources;
\u2022 public expenditure versus private expenditure.<\/p>\n

1<\/sup> Social costs are equal to the sum of private costs and external costs.<\/p>\n<\/blockquote>\n

It is suggested that these enquiries are conducted in groups.<\/p>\n

Research and prepare a presentation or written summary on one of the following issues for the your country which you are studying in. Suggestions on what to include on your presentation \/ summary are at the bottom of this post.<\/p>\n

Type A \u2013 Public versus Private Provision of Key \u2018Services\u2019<\/h3>\n

Transport \u2013 should there be more public or private transport in your chosen country?<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>Jeff Attaway<\/font><\/a><\/p>\n

The Provision of Health Care \u2013 should there be more public or private provision?<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>Fotos Gov\/Ba<\/font><\/a><\/p>\n

The Provision of Education \u2013 should there be more public or private provision?<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>Artshooter<\/font><\/a><\/p>\n

Type B \u2013 Use of versus Conservation of Key \u2018Resources\u2019<\/h3>\n

Using Wood from Forests as a Raw Material<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>afromusing<\/font><\/a><\/p>\n

Using Rivers to Generate Hydro Electricity<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>Kam’s World<\/font><\/a><\/p>\n

The Use of Fossil Fuel Power Stations<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>Tim Ebbs<\/font><\/a><\/p>\n

The Use of \u2018Beauty Spots\u2019 (such as beaches) for Tourism<\/strong><\/p>\n

<\/p>\n

Image: <\/font>Some rights reserved<\/font><\/a> by <\/font>sarniebill1<\/font><\/a><\/p>\n

Suggestions of what you could include in your presentation \/ summary:<\/h3>\n

1) What are the private costs and benefits involved?<\/p>\n

2) What are the external costs and benefits involved?<\/p>\n

3) If Type A Issue – Government versus Private. How has the government been involved? How has the private sector been involved? Should this change and, if so, why?<\/em><\/p>\n

If Type B Issue \u2013 Conservation versus Usage. What are the resources used for, how much are they used, are they conserved? Should they be used more or conserved more?<\/em><\/p>\n

4) What conflicts of interests are there in this issue? What different groups are involved and how are they affected differently? Why might they have different views on using these resources \/ providing these services?<\/em><\/p>\n

5) Discuss how this issue might differ between the short term and the long term. For example, what are the short term effects of using these resources \/ providing this service? What are the long term effects? Are there short term solutions and are there long term solutions?<\/em><\/p>\n

Bonus points awarded for:<\/h3>\n
    \n
  1. Use of and accurate definitions of relevant key words\/phrases. <\/li>\n
  2. Real life evidence \u2013 statistics, places, dates, etc. <\/li>\n
  3. Diagrams with explanations. <\/li>\n<\/ol>\n

    Suggested format:<\/h3>\n

    Either <\/p>\n

    a) A slideshow that you can explain briefly to the rest of your class.<\/p>\n

    b) An email to someone, such as your teacher, but imagining that they are an influential person in the government and that you are writing to advise them on this issue as an Economic advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

    This activity is designed to address the following syllabus point from the Cambridge IGCSE Syllabus (0455) for Economics: define private and social costs1 and benefits and discuss conflicts of interest in relation to these costs and benefits in the short term and long term through studies of the following issues: \u2022 conserving resources versus using…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13],"tags":[226,50,49,276,277,278],"class_list":["post-938","post","type-post","status-publish","format-standard","hentry","category-economics","category-igcse-economics","tag-environment","tag-externalities","tag-market-failure","tag-private-sector","tag-public-sector","tag-sustainable-development"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=938"}],"version-history":[{"count":1,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/938\/revisions"}],"predecessor-version":[{"id":939,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/938\/revisions\/939"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}