A-level Economics - Polices to fix market failure (3 lessons)

With over a decade of teaching experience, I’ve developed this comprehensive resource on tackling market failure, designed to provide students with a detailed understanding of policy measures and their effectiveness. This resource is perfect for both new and experienced teachers, offering fully prepared, engaging lessons that save time and deliver results.

What’s included:
Application and effectiveness of policy measures:

• Specific and ad valorem indirect taxes: Exploring how they work and their impact on market outcomes.
• Subsidies: Understanding their application and limitations.
• Price controls: Covering maximum and minimum price mechanisms.
• Production quotas: Explaining their role in controlling supply.
• Prohibitions and licenses: Analyzing legal measures to influence market behavior.
• Regulation and deregulation: Examining their effects on efficiency and market dynamics.
• Direct provision: Understanding when and how governments step in to provide goods/services.
• Pollution permits: Comprehensive coverage of tradable permits and their impact.
• Property rights: Discussing their importance in addressing externalities.
• Nationalization and privatization: Exploring these strategies’ pros and cons.
• Provision of information: Tackling information failure in markets.
• Behavioral insights and ‘nudge’ theory: Examining innovative approaches to influence behavior.

Key Features:

• Real-life examples: Relating theory to practice to enhance understanding and engagement.
• Integrated video content: Dynamic visuals to support lesson delivery and make concepts relatable.
• Engaging exercises: Activities designed to deepen understanding and reinforce key concepts.
• No guesswork required: Clear, concise explanations for easy lesson preparation.
• Plug-and-play design: Ready-to-use lessons to save you hours of planning.

This resource covers all major measures to address market failure, from traditional tools like taxes and subsidies to modern approaches like behavioral insights. It’s comprehensive, engaging, and tailored to help students connect economic theory with real-world applications. Accurate, thorough, and ready to use—this is a must-have for any economics teacher!