Market Failure and Government Intervention · Microeconomics

Externalities

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

Key Questions

  1. 1Who should pay for the environmental damage caused by factories?
  2. 2How can the government incentivize positive behaviors like vaccination?
  3. 3What are the unintended consequences of taxing pollution?

National Curriculum Attainment Targets

GCSE: Economics - Market FailureGCSE: Economics - Externalities
Year: Year 10
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics

Suggested Methodologies

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