This lesson introduces learners to public goods, what they are with examples of them, we then consider the free rider problem and why the private sector doesn’t offer public goods. We then look at information gaps and examples of how this could lead to market failure through witholding information and moral hazard.
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Edexcel A Level Economics Theme 1 - 1.3 Market failure
This 4 lesson bundle covers: 1.3.1 Types of market failure 1.3.2 Externalities - double lesson 1.3.3 Public goods & 1.3.4 Information gaps Filled with examples, activities, step-by-step animated diagrams and kahoot quizzes to consolidate learning in an engaging way. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you
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Edexcel A Level Economics Theme 1 (COMPLETE COURSE)
**New for 2021 - This bundle for Edexcel's A Level Economics Theme 1 is the ultimate pack for teachers delivering this course. Captivating powerpoints, the highest quality, unrivalled lesson experiences from start to finish.** Filled with real life examples and step-by-step animated diagrams. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Note: 1.1.6 free market, command and mixed economies and 1.3.1 types of market failure are free downloads in the shop so not included in this bundle Theme 1 - Introduction to markets and market failure
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