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Year 12 Recap - Subsidies

Year 12 Recap - Subsidies

This Year 12 Recap video centers around the topic of Producer Subsidies.

Subsidies are one of the central policy tools which can be used by a government to influence the outcome in the market to help nudge the equilibrium closer to the social optimum. The knowledge of this concept is crucial, as when discussing potential remedies for markets that fail to allocate scarce resources effectively, this simple but effective policy tool can be discussed.

Subsidies are government payments granted to producers to help encourage the provision of goods and services. The video provides students with both the theory and graphical representation of the impact a producer subsidy has on the market.

Here Jack guides you around the topic of Producer Subsidies:

Our Year 12 recap is supported by our new awesome revision mindmaps. Find out more about them and how teachers and students can access them by clicking here.

EzyEconomics is the ultimate online A Level Economics support service. Schools can enjoy a free 30-day trial to see for themselves how EzyEconomics can support their teaching and help their students achieve better grades. Register now to start your EzyEconomics journey!

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Monday, 06 December 2021
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