Market failure report Have you ever wondered what it is like to be a reporter? It is

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Question:

Market failure report

Have you ever wondered what it is like to be a reporter?

It is your turn to go out in the real world and deliver a report on the causes, conditions, and impact of market failures through an examination of your own community.

Your task is to create a news report, in the form of a narrated PowerPoint presentation, that:

examines your own community for the presence of market failures
illustrates the topic with suitable examples.

In so doing you will both demonstrate your understanding of this vital economic concept and you will share a bit about yourself with the group by demonstrating something about your own community.

Contents of your news report

Here is what you need to include in your news report:

Your news report will use the context of your specific example of a market failure to demonstrate your own understanding of the economic phenomenon. Your project should address the following questions and points.

What is the context of the market failure?
What has caused the market failure?
A graph illustrating the economic consequences of the market failure.
A discussion of the graph and a clear application to the market failure in question.
What is the impact of this particular market failure on the community?
What actions have been taken to correct the market failure? By the government? By the community?
To what extent have these measures been successful?

MY CHOSEN MARKET FAILURE: HOUSING CRISIS IN TORONTO, the market failure of the demand of affordable housing increasing, yet the supply is unable to keep up.