Total Pageviews

Sunday 6 December 2015

Unit 1: Market for Ivory - Black markets & market failure

This week on the Beyond the Bike adventure, Stuart and Claire have been investigating the impact of illegal ivory poaching near Lusaka. To support the Beyond the Bike investigation, we have put together a number of resources to link with the Economics curriculum; the resources explore how the global price of ivory is determined, the black market associated with ivory, the negative externalities associated with the ivory market, and possible policy solutions to this example of market failure.
Next, take a look at this excellent 2012 Panorama documentary exploring the nature of the ivory market in more detail:



Finally, go to my Beyond the Bike blog post for a fully-planned group work lesson exploring the impact of the ivory trade on different stakeholders and possible policy solutions from freeing the market through to greater intervention, along with some behavioural economics suggestions.

No comments:

Post a Comment