Market Failures and Government Intervention · Microeconomics

Externalities

Studying the spillover effects of economic activities on third parties, such as pollution or education.

Key Questions

  1. 1Why does the market tend to overproduce goods that generate negative externalities?
  2. 2How can a carbon tax align private incentives with the social good?
  3. 3What are the positive externalities of a highly educated workforce for the nation of Singapore?

MOE Syllabus Outcomes

MOE: Market Failure and Externalities - S3
Level: Secondary 3
Subject: Economics
Unit: Market Failures and Government Intervention
Period: Microeconomics

Suggested Methodologies

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