The Market for Electives
Abstract
The note uses the concept of demand and supply, of elective courses in a business school, to bring out the conditions under which market failures may take place, requiring institutional co-ordination and interventions. The case exemplifies how imperfections in access to information and foresight, absence of future markets and externalities can lead to sub-optimal "production" and "consumption" of `products', in this case electives.
Collections
- Cases and Notes [2722]