Economics Essay (1 Viewer)

[Yetiplaya]

Hay i need some help on what i need to write about in the essay

Here is the question is on The determination of prices and quantities in markets, market failure and market intervention by governments in a mixed economy.

Plz help as the exam is on tuesday
Thanks

 

[muzeikchun852]

Hay i need some help on what i need to write about in the essay

Here is the question is on The determination of prices and quantities in markets, market failure and market intervention by governments in a mixed economy.

Plz help as the exam is on tuesday
Thanks

wat chapter is this? because depend on the chapter, the depth will vary.

i assume this is chapter three - markets and u need to talk about the following:
* everything u know about demand and supply except movements and shifts along the curve and equlibrium.
* market failure - merit goods, public goods and externalities.
* market intervention - price intervention, quantity intervention.

 

[Yetiplaya]

Yea its chapter 3 thanks

 

[jellly101]

you should also talk about how a government reallocates its resources in the event of market failure