Merit and Demerit Goods
Analyzing goods that are under-consumed (merit) or over-consumed (demerit) due to imperfect information.
Key Questions
- To what extent should the state provide 'free' healthcare as a merit good?
- Analyze the arguments for and against taxing demerit goods like tobacco.
- Predict what happens when a merit good becomes a luxury.
National Curriculum Attainment Targets
Suggested Methodologies
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