Category Archives: Section 2

Market Failure Powerpoint

Market failure View more presentations from 12nakaka

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Reflection: Commanding Heights

After watching the film Commanding Heights, I have learned the concepts of Keynes and Hayek. At first, people believed in Keynes’ concepts in a planned economy with governement intervention, and Hayek’s concepts in that free markets and democracy will go … Continue reading

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Using an appropriate diagram, explain how positive externalities are a type of market failure

Question: Using an appropriate diagram, explain how positive externalities are a type of market failure. Definitions: Positive externality –┬áspillover effects on outsiders (people not involved in the production of consumption of the good/service) that are advantageous to them and for … Continue reading

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Reflection: Theory of the Firm Summative

After doing our Section 2 Theory of the Firm summative assessment, I learned the importance of explaining every detail and definition to achieve a full mark. In my formative, I completely misunderstood what we needed to do as I did … Continue reading

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Possible Theory of the Firm Question

2007 November <Paper 1>: Explain the difference between short-run equilibrium and long-run equilibrium in monopolistic competition. “Perfect competition is a more desirable market form than monopolistic competition.” Discuss. <Paper 2>: With the help of a diagram, explain when a firm … Continue reading

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Reflection: Market Structure

After we finished with gaining our knowledge of the four different market structures, monopoly, monopolistic competition, oligopoly, and perfect competition, there are several things that were interesting to me. One thing that stood out was that each market structure had … Continue reading

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Portfolio Semester 1

Definitions & Diagrams: Section 1 Introduction Market Elasticity Theory of the Firm Evaluation: Champagne Data Response Collaboration: Tennis Ball Game Activity Reflection: IB Assessment Reflection Data Response Reflection Improvement: Key Concept Article to Ugg Boots Article Showcase: Diagram Test

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