HKLNA Project - Economic Modelling Index

Economic Modelling English or languish - a severe case of market distortion research strategy \| project index \| research objectives (market analysis)






soft abstract
Variable and Curve Description, Assumptions, Special Topics Variable and curve description Assumptions Special topics Foregone opportunity and variable rewards Unit of measurement - quantity Language competence

The Market for High-Level English Language Competence Industry supply curves for low- and high-level competence Graph 1 Industry marginal cost curves Joint supply of low-level and high-level competence Upward sloping supply curves for language competence Supply of low-level English language competence Measurement of Total Cost Market supply and demand -- the case for distortion Graph 2a Market demand An oversold, undersupplied commodity - the East Asian language paradox The provision of high-level competence in a distorted market Change in net social benefit associated with a fall in demand Graphs 7 and 8 Current market Current and adjusted markets Current demand level Social surplus Social loss Downward adjusted demand level Social surplus Social loss Summary Getting what you pay for

The Non-market for Low-level English Language Competence and the Universal Second Language Requirement Graph 2b What lies beneath the tip of the iceberg - the provision of Qf-Qh Freely supplied low-level competence is a poor substitute for high-level competence - the provision of Qf-Qe Note: Graph 3 no longer exists.

Government Policy Considerations Social costs and benefits Graph 4 Areas of unquestionable social benefit Areas of unquestionable social loss Sound investment, good return Questionable investment, poor return Bad investment, negative return Chart summary Private sector profit Current market Graph 5 Current market Adjusted market Graph 6 Adjusted market with continued subsidy Adjusted market without subsidy Chart summary Cost of obtaining high-level competence Graph 9 Industry revenue at Ph Industry revenue at Pe The price elasticity of demand for high-level competence Public expenditure - Subsidizing low- and high-level English language competence Graph 10 Subsidizing low-level competence Subsidizing high-level competence Inefficient use of human resources and government tax dollars
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