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Table of Contents

  1. Topic pack - Microeconomics - introduction
  2. 1.1 Competitive Markets: Demand and Supply
  3. 1.1 Competitive Markets: Demand and Supply - notes
  4. 1.1 Competitive markets - questions
  5. 1.1 Competitive markets - simulations and activities
  6. 1.2 Elasticities
  7. 1.2 Elasticities - notes
  8. Section 1.2 Elasticities - questions
  9. Section 1.2 Elasticities - simulations and activities
  10. 1.3 Government intervention
  11. 1.3 Government Intervention - notes
  12. 1.3 Government intervention - questions
  13. 1.3 Government intervention - simulations and activities
  14. 1.4 Market failure
  15. 1.4 Market failure - notes
  16. Section 1.4 Market failure - questions
    1. Market failure - short answer
    2. Externalities - short answer
    3. Externalities & allocative efficiency - short answer
    4. Externalities - self-test questions
    5. Public goods - short answer
    6. Merit goods - short answer
    7. Demerit goods - short answer
    8. Types of goods - self-test questions
    9. Government responses - short answer
    10. Common access resources - activities
    11. Overexploitation - questions
    12. Sustainability - report
    13. Plastic bags - carrying the weight of the environment?
    14. Running cars on biofuels can be unethical
    15. Cement - the hidden polluter?
    16. African roses - a sign of change
    17. Congestion charging
    18. Putting a price on carbon
    19. Power bills to soar in 'green reforms'
    20. Beyond Kyoto
    21. Economic growth cannot continue
    22. The rush to find Jade
    23. Chopstick tax
    24. Taxing light bulbs - that's a bright idea
    25. Trading pig excrement
    26. Congestion pricing
    27. Packaging tax
    28. Airport expansion plans
  17. Section 1.4 Market failure - simulations and activities
  18. 1.5 Theory of the firm
  19. 1.5 Theory of the firm - notes (HL only)
  20. Section 1.5 Theory of the firm - questions
  21. Section 1.5 Theory of the firm - simulations and activities
  22. Print View

Power bills to soar in 'green reforms'

Read the articles Power bills to soar by 30% in 'green' reforms and Three solutions in one to a string of problems the free market could not deal with then answer the questions below. You can either read the articles in the window below or you can follow the previous link to read the articles in a separate window.



question

Question 1

Define the following terms:

  • Central planning
  • Privatisation

Question 2

Explain the operations of the electricity market reforms (EMR).

Question 3

Analyse the costs and benefits of the proposed electricity market reforms.

Question 4

Discuss the view that government needs to regulate the energy, because the free market cannot address the issue of energy shortages without creating unacceptable negative externalities.


Extension Activity:

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European Green Capital 2010

What lessons can be learned from Stockholm's approach to their urban environment and in particular their urban policies on traffic congestion, waste management, pollution and the emission of greenhouse gasses? Could these be applied in the areas where you live?


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Identify and explain 5 key environmental approaches used in Stockholm that could be applied to other global cities.