Market Failure and Government Intervention · Microeconomics
Externalities and Public Goods
Identifying the impact of third-party costs and benefits and the challenges of providing non-excludable goods.
Key Questions
- 1Who should pay for the cleanup of industrial pollution?
- 2Why does the free market fail to provide sufficient street lighting?
- 3What trade-offs does this policy create for future generations?
National Curriculum Attainment Targets
A-Level: Economics - Market FailureA-Level: Economics - Positive and Negative Externalities
Year: Year 12
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics
Suggested Methodologies
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