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insight4me Economics – Market Failure With Dr Marta Wisniewska & Dr Stefan Penczynski From University of East Anglia
22nd January 2024 @ 16:15 - 17:15
Dr Stefan Penczynski, Associate Professor in Economics in the School of Economics will discuss Market Failure with respect to Public Service Broadcasting: The establishment of Public Service Broadcasting (PBS) in the form of, for example, the BBC, is a response to the fear that commercially-funded television content will not satisfy certain high standards that are deemed socially desirable. Such a market failure is expected to result from the fact that the social benefit from cultural, educational and minority-language broadcasts is not reflected in individuals’ willingness to pay for them. With developments in technology and in the media landscape, the justification of PBS has become more debated than ever.
Dr Marta Wisniewska, Lecturer in Financial Economics, School of Economics will discuss Financial Market Efficiency: The technology development democratizes access to the financial market. But does it indeed enhance financial market efficiency? The talk will discuss the financial market efficiency. It will start with the introduction of the concept of Efficient Market Hypothesis (EMH). This will be followed by empirical verification of EMH and investigation of asset price bubbles and other market inefficiencies.
In this insight4me Economics online event for schools and colleges, Dr Marta Wisniewska and Dr Stefan Penczynski from the School of Economics at University of East Anglia will each have roughly 30 minutes to deliver a punchy, interactive topic based ‘micro’ talk. Within an overall session theme of Market Failure, the speakers have the freedom to choose their own focus and use the time to convey the key points of the case studies for the students.
insight4me is a series of subject specific webinars for Year 12 & 13 students, and equivalent. The sessions directly support students’ current studies by giving an insight into particular curriculum areas whilst affording an understanding of how these subjects continue beyond A-levels, T-levels, IB, BTEC and equivalent qualifications, and how they vary between universities.
Our events are designed so that a group of students can take part from a classroom or students and teachers can take part as individuals, either from school or from home. This means that sessions will continue irrespective of possible school closures.
As a live, participative event, this session will not be recorded but slides and other resources will be shared after the event, where available.
Suitable for: Year 12 & 13 students (and equivalent) studying, or with a possible interest in studying, Economics and related disciplines. Student groups, and individual students and teachers are very welcome to join us.
Preparation/Pre-Reading: Students may wish to consider the 2 topics and discuss some of the key elements in advance. Students can also think about questions they have about studying Economics at university level.
The IT Setup: The event will be run on Zoom and participants will be able to join using laptops, tablets, and mobile devices. If you are joining as a school group, we recommend connecting with one device and projecting on to a whiteboard. You will be able to interact with the university via a microphone and/or typed comments and questions. Full details will be sent to those who have registered (see below) prior to the event.
Booking a Place: This is free for schools and colleges. If you would like to take part in this event, please register your interest using the link to the registration form below: