Assignment Details

Prepare timed essay

2022-23

L6B/Ec

Date Due

June 21, 2023

Additional Info
Prepare the following essay to write in timed conditions on Wednesday 21st June. 35 minutes (normal time), 44 minutes (extra time)

Question:
Funding higher education continues to be a major issue. English universities charge some of the world's highest fees. Interest rates on student loans are now 7.1%. There are many courses where graduates are likely to earn less than non-graduates, despite an average of £50,000 of debt.

Evaluate whether government intervention can correct market failure in markets such as education. (25)


Structure:

For each KAA point, select one government policy that could be used to correct market failure in education, explain why it would be successful and then evaluate/critique that policy.

Include at least one diagram as part of your response, ideally one per policy if applicable.