'Merit goods' diaporamas de présentation

Unit 2.4: Market Failure and the Role of Government U nit Overview

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Session 4: Unit 1 Data Response Questions Ray Powell

Session 4: Unit 1 Data Response Questions Ray Powell. Questions on Markets & Market Failures. Unit 1 data response question papers usually contain 2 questions covering: Question 26: a market (or markets) Question 27: market failure(s).

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Learning Objectives

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Merit goods and demerit goods

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The Colosseum , One of the Seven Wonders of the World

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Chapter 16

Chapter 16. Government Spends, Collects, and Owes. Chapter 16 section 1. Growth in the Size of Government. Government Growth. The number of government workers and functions has increased dramatically .

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Equity in the Distribution of Income

Equity in the Distribution of Income. IB Economics Ms. Villarreal. Macroeconomic Goals of Government. Economic growth: a steady rate of increase of national output Employment: a low level of unemployment Price stability: a low and stable rate of inflation

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5.1 and 5.2 Sources of Economic Growth and/or Development and Consequences of Growth

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Revision and Consolidation

Revision and Consolidation. Microeconomics Market Failure. Market Power. Key sources of market failure. Merit / Demerit Goods Public Goods. Externalities. Market Power. Definition: The ability of a single (or a small group of) buyer / seller to have substantial influence on market price.

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Market Failures

Market Failures. Frederick University 2008. Questions What and how much How For Whom. Problems Efficiency in allocation Efficiency in motivation Efficiency in distribution. Main Economic problems. Market Functions. Achieve: Efficiency in allocation Efficiency in motivation

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Market Failure

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Market Failure

Market Failure. Market Failure. Definition: Where the market mechanism fails to allocate resources efficiently Social efficiency Allocative Efficiency Technical Efficiency Productive Efficiency. Market Failure. Social Efficiency = where external costs and benefits are accounted for

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Market Failures

Market Failures. Frederick University 2014. Questions What and how much How For Whom. Problems Efficiency in allocation Efficiency in motivation Efficiency in distribution. Main Economic problems. Market Functions. Achieve: Efficiency in allocation Efficiency in motivation

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INTOCBEPS November 2013 Ramazan TA? TURGUT OZAL UNIVERSITY Mail : rtas@turgutozal.tr

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Merit and Demerit Goods

Merit and Demerit Goods. SLO. By the end of this lesson you will be able to Explain the concept of consumer sovereignty. Define and give examples of merit and demerit goods. Consumer Sovereignty. The idea of consumer sovereignty is that consumers know best what is good for them

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Topic : Taxes & Subsidies: Incidence on Consumers or Producers

Topic : Taxes & Subsidies: Incidence on Consumers or Producers. Outcome: Explain with Graphs how elasticity of demand determines how the incidence of a tax or subsidy is split between a consumer & a producer. Subsidies: .

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Chapter 17 Taxes and government spending

Chapter 17 Taxes and government spending. David Begg, Stanley Fischer and Rudiger Dornbusch, Economics , 6th Edition, McGraw-Hill, 2000 Power Point presentation by Peter Smith. Government spending in the UK. The scale of government spending has changed over the past four decades.

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KECSS Ms. Murren

KECSS Ms. Murren. Outcome: SWBAT explain the functions of government . Mini Lesson. What is the general purpose of the government To provide public goods To protect individual rights To promote a stable legal environment for economic activity

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VIII Konferencja Ewaluacyjna Methodological Developments and Challenges in UK Policy Evaluation

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Positive Externalities

Positive Externalities. Explain the difference between positive externality of consumption and production Graph the different forms of positive externalities Identify and explain how merit goods are under-produced Why is there underallocation of resources when there is a positive externality?.

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