Government and the Economy · Economic Policy

Market Failure and Regulation

Examining instances where the market fails to allocate resources efficiently, such as pollution.

Key Questions

  1. 1When is government intervention in a 'free' market justified?
  2. 2How can taxes be used to discourage harmful economic behaviors?
  3. 3Who should pay for the 'negative externalities' of industrial production?

ACARA Content Descriptions

AC9HE10K03
Year: Year 9
Subject: Economics & Business
Unit: Government and the Economy
Period: Economic Policy

Suggested Methodologies

Ready to teach this topic?

Generate a complete, classroom-ready active learning mission in seconds.

Generate a Custom MissionBrowse Lesson Plan Templates

More in Government and the Economy

Taxation and Redistribution

Investigating how the government collects revenue and redistributes it to provide services.

2 methodologies

Economic Policy Objectives

Reviewing the main goals of Australian economic policy, including full employment and price stability.

2 methodologies

Browse curriculum by country

AmericasUSCAMXCLCOBR
EuropeUKIEFRDEESITNLPTSE
Asia & PacificINSGAU