Teaching activity
Market for ivory - prices, market failure and black markets
4th December 2015
This week on the Beyond the Bike adventure, Stuart and Claire have been investigating the impact of illegal ivory poaching near Lusaka. To support the Beyond the Bike investigation, we have put together a number of resources to link with the Economics curriculum; the resources explore how the global price of ivory is determined, the black market associated with ivory, the negative externalities associated with the ivory market, and possible policy solutions to this example of market failure.
- Economics
- Blog
- Teaching activity
- Price mechanism
- Equilibrium
- Market Failure
- Black market
- Negative externalities
Ruth Tarrant
Ruth has been an enthusiastic Head of Economics and Politics for many years, having taught in a variety of schools and at university level. She is also a Senior Examiner. Ruth is passionate about boosting the quality of teaching and learning across all subjects in schools and colleges.
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