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Market Efficiency and Failure · Semester 1

Merit and Demerit Goods: Encouraging Good Choices

Students will explore goods that the government encourages (merit goods like education) or discourages (demerit goods like cigarettes) for the benefit of society, and discuss why.

Key Questions

  1. Why does the government want us to consume more education and healthcare?
  2. Why does the government want us to consume less of things like cigarettes or sugary drinks?
  3. What are some ways the government tries to influence our choices about these goods?

MOE Syllabus Outcomes

MOE: Role of Government - Middle School
Level: JC 2
Subject: Economics
Unit: Market Efficiency and Failure
Period: Semester 1

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