Market Failure in Pictures!

I loved Ruth Tarrant’s idea (presented at the conference this week) to create a sketch which captures so many different market failures. Pictonomics is the embryonic title for the teaching concept and it is an idea that enthused the 170+ strong audience at the British Library - within twenty minutes we have unearthed over fifty examples of potential market failure just from the existing sketch alone! As a supplementary exercise we were asked to suggest fresh ideas for market (and possible government failure) in the same landscape!

Could the same be done in other areas of economics? For example macroeconomic factors affecting a local town? Or perhaps aspects of development / international economics (a sketch based around a trading port?)

BMW - Bavarian Monopolist at Work [24 May 2012]
Unit 2 Macro: Evaluation on Supply-Side Policies [21 May 2012]
Unit 2 Macro: Migration and the UK Economy [20 May 2012]
Revision notes on unemployment [20 May 2012]
Unit 1 Micro: Revision Presentation on Government Intervention [16 May 2012]
Unit 1 Micro: Revision Presentation on Externalities [16 May 2012]
Unit 1 Micro: Revision Presentation on the Price Mechanism [16 May 2012]
Improving Evaluation Skills in Economics Exams [16 May 2012]
Final Speaker Line Up for the Economics Teacher Conference 2012 [15 May 2012]
Unit 4 Macro: African Human Development Report 2012 [15 May 2012]
AS / A2 Economics Revision Clinic - Market Failure (Monday 14 May 2012) [14 May 2012]
Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Unit 2 Macro: 10 Key Revision Topics for EdExcel [7 May 2012]
Exam Technique for Economics - Weesteps to Evaluation [5 May 2012]
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Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Macro Revision: Putting Things in Context [29 Apr 2012]
Unit 3 Micro: Key Diagrams for Business Economics [17 Apr 2012]
Unit 4 Macro: Managing the Global Commons - Limits to GDP [15 Apr 2012]
Unit 4 Macro: Mini Documentary on Financial Instability [15 Apr 2012]
Ukraine Hotel ‘Bandits’? [12 Apr 2012]
Government Intervention in the Energy Market [11 Apr 2012]
Football Clubs to Pay for Negative Externalities [11 Apr 2012]
2012 Economics Revision: Ways to Improve your Paper [9 Apr 2012]
Unit 1 Micro: Market Failure in Private Health Care [8 Apr 2012]
Twitter - Help with Economics Revision [8 Apr 2012]
Unit 2 Macro: Inflation and the Business Environment [6 Apr 2012]
Unit 2 Macro: How the Economic Cycle affects Businesses [6 Apr 2012]
Unit 4 Macro: Evaluating 3 Years of Quantitative Easing [27 Mar 2012]
The Lorax and market failure. [2 Mar 2012]
Unit 1 Micro: Highest and Lowest Paid Jobs in the UK [26 Feb 2012]
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Unit 4 Macro: King on the UK Economy [15 Feb 2012]
Competitiveness [8 Feb 2012]
Teaching vacancy - Economics & Business Studies, Reed’s School - Cobham, Surrey [19 Jan 2012]
AS and A2 Economics Revision Workshops in Spring 2012 (update) [16 Jan 2012]
Unit 3 Micro: Prezi on Environmental Economics [11 Jan 2012]
Revision Presentation: Economics Evaluation Skills [10 Jan 2012]
Exam Advice: 10 Ideas for a Better Economics Paper [10 Jan 2012]
Unit 2 Macro: Factors Driving Business Investment [10 Jan 2012]
Unit 1 Micro: Revision MC Questions on Negative Externalities [8 Jan 2012]
Unit 4 Macro: Natural Disasters and their Economic Impact [7 Jan 2012]
AS and A2 Economics - 10 Ways to Improve Evaluation [4 Jan 2012]
Unit 1 Micro: Prezi on the Economics of Negative Externalities [2 Jan 2012]
Unit 1 Micro: Video Clips on Negative Production Externalities [29 Dec 2011]
Resources on Keynes and Hayek [27 Dec 2011]
Introduction to Neuroeconomics - Fusing Psychology with Economics [16 Dec 2011]
Rory Sutherland at Zeitgeist [1 Dec 2011]
Behavioural Economics: Herd Behaviour [28 Nov 2011]
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Stephen King - Great Article on Macroeconomics [22 Nov 2011]
Beyond the Bike - The Value of Money [19 Nov 2011]
LSE Lecture: Daniel Kahneman - Thinking Fast and Slow [15 Nov 2011]
LSE lecture: Darwin economy [13 Nov 2011]
Economics Resources - Week Ended 6 November 2011 [6 Nov 2011]
Is happiness the right measure of social progress? [20 Oct 2011]
Alcohol. Discuss! [18 Oct 2011]
Why Is Macroeconomics Such A Mess? [11 Oct 2011]
Fat tax: Denmark [5 Oct 2011]
Unit 1 Micro: Drink Driving and Government Intervention [26 Sep 2011]
UK Macro: Risks of a Double Dip Recession [12 Sep 2011]
Starter Video: The Slums of Manilla [11 Sep 2011]
50% tax rates - Chuck it George [7 Sep 2011]
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NHS spending good, private provision bad? [5 Sep 2011]
Mixing with the Nobel Economists [4 Sep 2011]
Toilet rolls, soap and climate change [1 Sep 2011]
John Kay on the future of Economics [26 Aug 2011]
Unit 4 Macro: GDP per person since the credit crunch [19 Aug 2011]
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Unit 1 Micro: The Price of Football [2 Aug 2011]
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Connecting to Digital Natives (and some great ads!) [17 Jun 2011]
RES Essay Competition 2011 - Shortlisted Essays [13 Jun 2011]
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AS Macro: Preparing for Unit 2 (May 2011) [25 May 2011]
AS Macro Key Term: Supply-Side Policies [25 May 2011]
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