Market Failures and Government Intervention · Microeconomics

Externalities

Analyzing the spillover effects of production and consumption on third parties.

Key Questions

  1. 1Who benefits and who bears the costs of industrial pollution?
  2. 2How can a government internalize the costs of a negative externality?
  3. 3What incentives are driving this behavior in the absence of regulation?

ACARA Content Descriptions

AC9EC11K05
Year: Year 11
Subject: Economics & Business
Unit: Market Failures and Government Intervention
Period: Microeconomics

Suggested Methodologies

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