Monday Homework:

1) What information failures are there in the market for higher education places?

2) What externalities are involved in higher education and will this lead to an over or

underprovision of higher education in a pure market system?

3) Apart from externalities and information asymmetries, what other market failures

apply to the market for student places in HE?

4) What are the arguments for subsidising non-STEM subjects (as well as STEM ones)?

Should these subsidies vary from course to course and from university to university?

5) What is the best way of tackling the problem of unequal access to higher education?

I am deeply sorry but I do not understand these questions at all.