Market Failure and Government Intervention · Microeconomics

Externalities and Environment

Analyzing the impact of production and consumption on third parties who are not involved in the transaction.

Key Questions

  1. 1Who bears the costs of industrial pollution?
  2. 2How can taxes be used to internalize external costs?
  3. 3Is government intervention always more efficient than the free market?

National Curriculum Attainment Targets

GCSE: Economics - Market FailureGCSE: Economics - Environmental Economics
Year: Year 11
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics

Suggested Methodologies

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