Revision: Labour Market Failure

Markets fail when they do not reach an efficient and/or equitable outcome from society’s point of view. At AS level, you will have studied many examples of possible market failure ranging from the provision of public and merit goods through to externalities and the welfare consequences of monopoly power in markets.  At A2 level, you are asked to explore some issues relating to labour market failure. This revision note flags up a few of them:

Revision note:
Revision_Labour_Market_Failure.pdf

Unit 1 Micro: Revision Presentation on Externalities [16 May 2012]
Unit 1 Micro: Economics of a Minimum Wage [12 May 2012]
Unit 1 Micro: Poverty and Inequality and Market Failure [12 May 2012]
Unit 1 Micro: Public Bads [12 May 2012]
Unit 1 Micro: Revision Blogs on Markets and Intervention [10 May 2012]
Unit 1 Micro: Minimum Wages and Living Wages [9 May 2012]
musical negative externalities [1 May 2012]
Unit 1 Micro: Using the Cost-Benefit Principle [30 Apr 2012]
Unit 1 Micro: Adecco and Monopsony Power [22 Apr 2012]
Unit 1 Micro: Externalities - Deepwater Horizon 2 Years On [21 Apr 2012]
Unit 2 Macro: Better news on jobs in the UK? [19 Apr 2012]
Unit 3 Micro: Evaluation Question on Supermarkets [11 Apr 2012]
The effect of the minimum wage and getting a foot-long Subway! [29 Mar 2012]
Unit 1 Micro: Inequality - The Rise of Fuel Poverty [15 Mar 2012]
Unit 2 Macro: Seasonal and Structural Unemployment [15 Mar 2012]
Unit 1 Micro - Labour Migration and the Economy [5 Mar 2012]
Unit 1 Micro: Highest and Lowest Paid Jobs in the UK [26 Feb 2012]
Unit 3 Micro: Low Pay in Supermarkets [24 Feb 2012]
Unit 1 Economics: Panorama - Poor America [17 Feb 2012]
Externalities in Action- TED Talk [23 Jan 2012]
Video Resources on Rising Inequality [23 Jan 2012]
Externalities in song [22 Jan 2012]
Externalities Cartoon [22 Jan 2012]
Unit1 Micro: Can a minimum wage create jobs? [16 Jan 2012]
Unit 1 Micro: Revision MC Questions on Negative Externalities [8 Jan 2012]
Unit 1 Micro: Externalities from Metal Theft [2 Jan 2012]
Unit 1 Micro: Video Clips on Negative Production Externalities [29 Dec 2011]
Great Blog to Follow - Joseph Rowntree Foundation [22 Dec 2011]
Unit 4 Macro: The Rise in Self Employment [17 Dec 2011]
Behavioural Economics: Herd Behaviour [28 Nov 2011]
Cartoon on inequality - perfect for explaining analysis and evaluation! [16 Nov 2011]
Unit 3 Micro: Unilever hit by rising costs [6 Nov 2011]
Tour of the US income distribution – “The L Curve” [25 Oct 2011]
So many economic concepts in one article - Indian tomato production. [11 Oct 2011]
Fat tax: Denmark [5 Oct 2011]
Unit 3 Micro: Monospony Power and Low Wages in Care Homes [3 Oct 2011]
NMW: Classical real-wage unemployment [3 Oct 2011]
Using Timetric in the Classroom [27 Sep 2011]
Unit 1 Micro: Sleep, Money, Happiness and Choices! [25 Sep 2011]
Study Note - Macroeconomic policy objectives [16 Sep 2011]
Unit 2 Macro: Economic Growth and Inequality [14 Sep 2011]
Unit 2 Macro: Income and Wealth in the UK [12 Sep 2011]
Unit 4 Macro: Progress towards Millennium Goals [12 Sep 2011]
Unit 4 Macro: Inequality and Development [12 Sep 2011]
Not so much food inflation, but food hyperinflation! [30 May 2011]
Unit 3 Micro: Monopsony Power in Markets [19 May 2011]
A2 Micro: Market Structure, Conduct & Performance [19 May 2011]
Electric car charging points ‘shortfall’ [11 May 2011]
Externalities of Oil Pollution [22 Apr 2011]
Externalities of Nitrogen Pollution in Europe [16 Apr 2011]
UK Minimum Wage rises by 2.5% in October 2011 [8 Apr 2011]
The Scale of Remittances [1 Apr 2011]
Discrimination and distribution of income news resources [29 Mar 2011]
Tuesday Talks - the cycling city [8 Mar 2011]
The minimum wage - summed up in one cartoon! [8 Mar 2011]
Video Resources on UK Relative Poverty [7 Mar 2011]
Gender Pricing in Insurance [2 Mar 2011]
Tony Atkinson on Inequality - LSE Lecture Notes [1 Mar 2011]
EU Economics: Hopes for a low carbon future in Europe [3 Feb 2011]
More inequality - and it’s a good thing! [2 Feb 2011]
How Much Do I Earn? [1 Feb 2011]
Youth Unemployment in the UK [24 Jan 2011]
The Externalities of Plastic [24 Jan 2011]
Economics Q&A: Tragedy of the Commons and Market Failure [18 Jan 2011]
Beijing City lifts their minimum wage by 21% [29 Dec 2010]
Revision: Types of Economic Efficiency [2 Dec 2010]
Using Google Docs - Minimum Wages [27 Nov 2010]
Chips - a demerit good. [11 Nov 2010]
Switching Off Street Lighting [10 Nov 2010]
Revision Presentation on Unemployment in the UK [26 Oct 2010]
Economics at the Movies - Black Gold [24 Oct 2010]
Picturenomics (1) - Congestion and Externalities [18 Oct 2010]
The Costs and Benefits of Inequality [17 Oct 2010]
Partial progress in closing the gender pay gap [10 Oct 2010]
Let’s hear it for the girls! [7 Oct 2010]
Poor countries or poor people? [4 Oct 2010]
The Happy Planet Index [30 Aug 2010]
Inequality and the risk of financial crisis [25 Aug 2010]
Groceries adjucator checks in [3 Aug 2010]
Pressure for higher minimum wages in Bangladesh [28 Jul 2010]
A selection of revision notes on economic growth and development [4 Jun 2010]
Finding new opportunities among the economic wreckage [1 Jun 2010]
Economics of the EU Revision - Carbon Taxes [26 May 2010]
What the poverty figures show [25 May 2010]
Is the UK coal industry turning a corner? [24 May 2010]
AS Economics Revision - Government Failure [18 May 2010]
A2 Economics Revision - Evaluation on the National Minimum Wage [4 May 2010]
Links to recent IFS Research [27 Apr 2010]
RES Essay Competition - Inequality Title [1 Apr 2010]
Carlos Slim - Monopoly and a Licence to Print Money [12 Mar 2010]
Recycling batteries - keeping things simple [10 Feb 2010]
More on poverty strategies [4 Feb 2010]
Child Poverty and Pensioner Poverty [2 Feb 2010]
Some new video pieces on externalities [2 Feb 2010]
Assorted Links (27 Jan 2010): Focus on poverty and inequality [27 Jan 2010]
Low pay, discrimination and monopsony power in the labour market [26 Jan 2010]
Focus on the National Minimum Wage [24 Jan 2010]
Is hitch-hiking the most carbon efficient form of transport? [17 Jan 2010]
Alcohol information failure [13 Jan 2010]
New figures show extent of wealth inequality in the UK [11 Dec 2009]

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