Public Goods and Market Failure I A Level and IB Economics
Why do we need a state? The fundamental question links closely to the issue of who should provide goods and services known as public goods. There is a risk of complete market failure - or missing markets - if the state does not provide public goods. How strong are the arguments for increased government spending on public goods. We explore these issues and raise some important evaluation arguments in this video.
#aqaeconomics #ibeconomics #edexceleconomics
Пікірлер: 19
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Thanks for the video! Can you please do one for paper 2 including macroeconomics, exchange rate and globalisation. Thank you.
@tutor2u-official
5 жыл бұрын
Great idea - I'll have them ready for Monday straight after the micro paper!
You are an amazing person thank you so much for all your help
@tutor2u-official
5 жыл бұрын
You are very kind Ben, best wishes for all of your papers
Thanks for the evaluation videos! Is there any way you can compile them into a playlist for ease of access? Cheers!
@tutor2u-official
5 жыл бұрын
Here we are - adding more very soon www.tutor2u.net/economics/collections/a-star-evaluations-for-alevel-economics
Is state provision of Education and healthcare a public good? Would it be possible to get a full essay on this topic?
@tutor2u-official
5 жыл бұрын
Technically a merit good for each - but that is an old-style distinction. The benefits of good education and health care are "public" and wider regarded as such especially in a development context.
@Jack-nx2wl
5 жыл бұрын
Not all state provided goods are public goods. Education and healthcare are examples of this. For example there is rivalry in consumption as one person seeing a doctor will prevent another person being able to.
Hi. Could you make a video that specifically deal with the provision of flood defences?
@tutor2u-official
5 жыл бұрын
Will try to if we have time
At 11:10 you say the UK government's 10yr bond yield is 1.8%, is this correct?
@tutor2u-official
5 жыл бұрын
yes
@benmerrall7149
5 жыл бұрын
@@tutor2u-official In the 20 key facts about the UK Economy in 2019 you had it down as 1.22%.
@harrypenfold2868
5 жыл бұрын
Shut up ben
@tutor2u-official
5 жыл бұрын
Ben - shall we split the difference? Best wishes for the exams!
@benmerrall7149
5 жыл бұрын
@@tutor2u-official Thank you, I appreciate the videos 😀