Economics and Society in Context Economics Assignment Help
- Country :
United Kingdom
Assignment Task
Coursework Topic:
Many governments aim at addressing the problems of market failure, allocative inefficiency, and under-consumption in the higher education sector. Use concepts such as Marginal Private Benefit (MPB), Marginal Private Cost (MPC),Marginal Social Benefit (MSB) and Marginal Social Cost (MSC) to show why the market operating on its own will not encourage students to obtain the socially optimal level of higher education. Provide a policy proposal and illustrate how it will solve the problem as described above.
Briefing:
Your report must make use of economic concepts such as: externalities and taxes/subsidies, in order to evaluate the problem and present your solution. Explain the problem and the proposed solution using precise economic concepts and models you studied . You can assume that your audience will consist of economists, so you do not need to define key economic concepts.
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