Market Failure AQA - Externalities, Tragedy of the Commons, Pollution Permits, Pigou Tax & Subsidies

Outstanding, comprehensive Student Work Booklet covering:

• The Negative Production Externality Diagram
• The Negative Consumption Externality Diagram
• The Positive Production Externality Diagram
• The Positive Consumption Externality Diagram
• Government Policies to correct Market Failure caused by Externalities
• The Absence of Property Rights leading to Market Failure
• Government Intervention: The Extension of Property Rights to avoid the Tragedy of the Commons
• Government Intervention: Tradeable Pollution Permits
• Government Intervention: Pigouvian Taxes and Subsidies
• Government Intervention: Congestion Charging and Pollution Charging

These Work Sheets / Booklet are specific to the AQA Economics A-Level course. Model Answers, Model Diagrams and Model Essays are included.

The Booklet also includes a list of links to Excellent Videos, and a Key Terms Definition List.

This booklet has been created and honed over many years of teaching Externalities! It covers everything in the AQA Syllabus and is of the highest quality.