Economics

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Study Notes

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This study note provides an overview of the different forms of government intervention in markets

Evaluating government intervention - revision video

Indirect taxes - revision video

Producer subsidies - revision video

Maximum prices - revision video

How significant is the market failure? (consequences)
Can the market / price mechanism find some solutions?
What are the likely consequences of not intervening?
How effective is an intervention? (i.e. consider alternatives)
Who are the winners / losers from an intervention?
Consider the potential for one or more government failures
Which works best – market-based or regulatory (“command and control”) approaches?
What impact might behavioural interventions have?

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West Yorkshire,
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