There is significant emphasis in the new IB Economics syllabus on market power, its abuse and the impact on income distribution. This Project Syndicate video (Project Syndicate a source mostly of great short articles) explains the rise in concentration in many markets and the impact it has had on wages and consequently on income distribution in 2 minutes and 32 seconds. A nice intro perhaps on the risks of market power being abused and also of possible use in student inquiries on market power and income distribution. Very topical of course. We'll be focusing on abuse of market power and on income distribution issues a lot.
Watch here: The rise of monopsony power
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