gmfreire22 Posted April 22, 2019 Report Share Posted April 22, 2019 The EE question I came up with was "To what extent is the market for airplane travel from Lisbon to Porto a contestable market?". Contestable markets is an economic theory invented in the early 1980s, that differs from the classical ones, and suggests that an oligopolistic or monopolistic market will provide at the productively efficient price, not the maximising MC = MR, because of the constant threat of new entrants taking way their market share. Airlines generally are an example, but it depends on the barriers to entry. This topic seems very interesting, and I have a lot of sources, but "Contestable markets" is not a topic in IB economics. Is it still ok to do this topic then? It's weird because my teacher said I can't, but I've found extended essay reports that have research questions that go outside the syllabus, including some about contestable markets. Can anyone tell me what the IB EE policy for this is? Thanks in advance Reply Link to post Share on other sites More sharing options...
Frites101 Posted April 23, 2019 Report Share Posted April 23, 2019 Hey! So, I don't think there is any such policy to do your extended essay on something that is in your syllabus. The main aim of the EE is to learn and research. But maybe your teacher is refraining you from doing this topic might be because I don't know, maybe he doesn't have enough information to help you out? But I think you can do your EE on any topic. Reply Link to post Share on other sites More sharing options...
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