Market Failure and Government Intervention · Microeconomics

Information Gaps

Analyzing how asymmetric information between buyers and sellers leads to market distortions.

Key Questions

  1. 1How does hidden information influence the price of used goods?
  2. 2What incentives are driving doctors to over-prescribe certain treatments?
  3. 3Can government regulation effectively bridge the knowledge gap between firms and consumers?

National Curriculum Attainment Targets

A-Level: Economics - Market FailureA-Level: Economics - Information Failure
Year: Year 12
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics

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 Market Failure and Government Intervention

Externalities and Public Goods

Identifying the impact of third-party costs and benefits and the challenges of providing non-excludable goods.

2 methodologies

Methods of Intervention

Evaluating the effectiveness of taxes, subsidies, and regulations in correcting market outcomes.

2 methodologies

Browse curriculum by country

AmericasUSCAMXCLCOBR
EuropeUKIEFRDEESITNLPTSE
Asia & PacificINSGAU