Market Failure and Government Intervention · Microeconomics

Externalities

Studying the spillover effects of production and consumption on third parties.

Key Questions

  1. 1Why does the market overproduce goods that cause pollution?
  2. 2How can subsidies encourage behaviors that benefit society as a whole?
  3. 3What are the hidden costs of individual transportation choices?

MOE Syllabus Outcomes

MOE: Market Failure and Government Intervention - S4
Level: Secondary 4
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

Public Goods and Merit Goods

Differentiating between goods that the market will not provide and goods that are under-consumed.

2 methodologies

Information Failure

Exploring how unequal access to information leads to inefficient market outcomes.

2 methodologies

Browse curriculum by country

AmericasUSCAMXCLCOBR
EuropeUKIEFRDEESITNLPTSE
Asia & PacificINSGAU