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\nUnderstanding Subsidies: Analyzing and Evaluating Government Intervention in Markets\n

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\nThe video discusses the topic of subsidies and how they can be used as a government intervention in markets. The speaker explains how subsidies can help to rectify market failures, particularly in cases where a product is under-provided...\nThe video discusses the topic of subsidies and how they can be used as a government intervention in markets. The speaker explains how subsidies can help to rectify market failures, particularly in cases where a product is under-provided by a market. The video also explores the effects of subsidies on the supply and demand diagrammatic framework, as well as within the marginal cost and marginal benefit framework. The speaker discusses real-life examples of subsidies, such as low-cost social housing, and also presents some issues with subsidies, including the cost of funding them, the question of who benefits from them, and the problem of imperfect information.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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17:43
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
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Concepts

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economics, demand curve, governments
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Additional Tags

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a-level, lectures, micro, intervention, 10.1b, subsidies, government intervention, msc curve, mpc curve, social optimum, deadweight loss, imperfect information, gonna benefit, green arrow, red arrow, increases demand, external benefits, general taxation, private decisions, lower prices, vertical distance, initial equilibrium, supply curve, merit good, marginal cost, market failure, total cost, increase provision, shifted outwards, market price, market output, subsidies decrease, providing subsidies, subsidy cost, benefits
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Subsidies: Analyzing and Evaluating Government Intervention in Markets\" href=\"/subscription/new\">\"Understanding\n\n
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