Extra homework for the ECONOMICS group!

This is to be COMPLETED by Friday Registration.

It is to be done BY HAND and in BLACK INK.

You are to get some A3 blank paper and then do very clear mind maps as follows:

A3 Mind Map 1 by Aidana, Mary

• Introduction to Causes of Market Failure
• Competition and Monopoly in Markets

The information from this to be taken from the electronic e-book sent round a few weeks ago




and



A3 Mind Map 2 by Lex and Long

• Negative Externalities
• Positive Externalities

The key points from those two chapters to be on the one Mind Map. The information from this to be taken from the electronic e-book sent round a few weeks ago

A3 Mind Map 3 by Bibi

• Public Goods and Private Goods
• Merit Goods
• Demerit goods

The key points from those three chapters to be on the one Mind Map. The information from this to be taken from the electronic e-book sent round a few weeks ago

A3 Mind Map 4 by Lex and Long

• Factor Immobility
• Imperfect Information
• Poverty and Inequality in Resource Allocation

The key points from those three chapters to be on the one Mind Map. The information from this to be taken from the electronic e-book sent round a few weeks ago



and



A3 Mind Map 5 by Aidana and Mary

• Government Intervention in the Market
• Indirect Taxation
• Producer Subsidies
• Maximum Prices
• Minimum Prices
• Buffer Stock Schemes

The key points from those six chapters to be on the one Mind Map. The information from this to be taken from the electronic e-book sent round a few weeks ago

and

A3 Mind Map 6 by David and Anastasia

• Government Failure