Abstract
The note uses the concept of demand and supply, of elective courses in a business school, to bring out the conditions under which market failures may take place, requiring institutional co-ordination and interventions. The case exemplifies how imperfections in access to information and foresight, absence of future markets and externalities can lead to sub-optimal "production" and "consumption" of `products', in this case electives.
Additional Information
| Product Type | Technical Note |
|---|---|
| Reference No. | ECO0340TEC |
| Title | The Market for Electives |
| Pages | 5 |
| Published on | Jun 30, 2000 |
| Authors | Basant, Rakesh; |
| Area | Economics (ECO) |
| Sector | Government |
My Cart
You have no items
in your shopping cart.