Evaluating Government Intervention I A Level and IB Economics

This is a recording of a micro revision webinar looking at evaluation of government intervention in markets designed to correct for market failure. Good evaluation questions the effectiveness of intervention and we also look at some examples of government failure.

#aqaeconomics #ibeconomics #edexceleconomics

VIDEO CHAPTERS
0:00 Introduction
0:48 What is Market Failure?
2:08 Ad Valorem (Indirect) Taxes
3:29 Evaluation Arguments when Assessing Indirect Taxes
7:23 Some Evaluation Arguments when Assessing Subsidies
9:12 Evaluating Intervention Policies to Reduce Inequality
11:44 What is meant by Government Failure?
13:05 Examples of Causes of Government Failure
14:20 Summary of some Causes of Government Failure