Economics class: Thames Water crisis
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.
Read our full range of economics picks here.
Specification:
Market structures, privatisation versus nationalisation, objectives of firms
Click to read the article below and then answer the questions:
Thames Water crisis could hit UK investment, ministers warn
When was Thames Water established?
Distinguish between privatisation and nationalisation
Outline the objectives of a firm such as Thames Water
Explain why the pursuit of shareholder value may be at odds with other objectives of the firm
Explain the role of Ofwat
Using a diagram, analyse the difficulties associated with introducing competition into a market where there is a natural monopoly
Gavin Clarke, Emmanuel College
Comments