Market Failures and Government Intervention · Microeconomics

Public Goods

Identifying goods that are non-excludable and non-rivalrous and why the private sector under-provides them.

Key Questions

  1. 1Why would a private company struggle to profitably provide national defense or street lighting?
  2. 2How does the free rider problem complicate the provision of public parks?
  3. 3What criteria should a government use to decide which public goods deserve the most funding?

MOE Syllabus Outcomes

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

Suggested Methodologies

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