Students are market doctors and must diagnose the market failure in question from the free market. They must then prescribe a solution.
Market failures addressed include:
- Externalities
- Public Goods
- Information Failure
- Unequal Distribution of Income and Wealth
Solutions may include:
- Taxation
- Government provision
- Information provision
- Regulation
- Government Provision
- Education and campaigns
Market failures addressed include:
- Externalities
- Public Goods
- Information Failure
- Unequal Distribution of Income and Wealth
Solutions may include:
- Taxation
- Government provision
- Information provision
- Regulation
- Government Provision
- Education and campaigns
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