Teaching activity
Market for ivory - prices, market failure and black markets
4th December 2015
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.
- Economics
- Blog
- Teaching activity
- Price Mechanism
- Market Equilibrium
- Market Failure
- Black market
- Negative externalities
Ruth Tarrant
Ruth has been Subject Lead in Economics at tutor2u for many years after a career of teaching Economics, Business, Politics and Maths in a range of secondary schools. She is a highly experienced A level Economics Examiner, and also teaches undergraduate Economics on a very part-time basis at the University of Oxford. Ruth is passionate about making economics fun, engaging and accessible.
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