Comprehensive lesson containing a full presentation and worksheet.
Model answers for the worksheet included
The lesson outlines all the specification points of Externalities within the A level Edexcel Economics course. (useful for other exam boards too)
This lesson teaches the following content:
Distinction between private costs, external costs and social costs
Distinction between private benefits, external benefits and social benefits
Use of a diagram to illustrate:
o the external costs of production using marginal analysis
o the distinction between market equilibrium and social optimum position
o identification of welfare loss area
Use of a diagram to illustrate:
o the external benefits of consumption using marginal analysis
o the distinction between market equilibrium and social optimum position
o identification of welfare gain area
Click on the links below to check out some of our FREE resources:
Free Worksheets:
Introduction to Economics Worksheet
The Economic Problem Worksheet
Production Possibility Frontiers Worksheet
Specialisation & the Division of Labour Worksheet
Types of Economy Worksheet
Price Determination Worksheet
National Income Worksheet
Free Lessons:
Introduction to Economics Lesson
The Economic Problem Lesson
Production Possibility Frontiers Lesson
Specialisation & the Division of Labour Lesson
Types of Economy Lesson
Price Determination Lesson
National Income Lesson
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A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.
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Introduction to Markets and Market Failure Lessons (Theme 1) - A Level Economics
**20** Comprehensive lessons covering **Introduction to Markets and Market Failure (Theme 1)** within the A level Economics course. This resource is designed for the Edexcel specification, however, the content covered in this resource is suitable for other exam boards too. This resource bundle includes **presentations** (PowerPoint) and corresponding **worksheets** (Word) covering each of the 4 topics within Theme 1. **Each worksheet includes a set of model answers** **This resource teaches the following in detail:** -Introduction to Economics -The Economic Problem -Production Possibility Frontiers -Specialisation and the Division of Labour -Free Market Economies, Mixed Economy and Command Economy -Rational Decision Making -Demand -Price, Income and Cross Elasticities of Demand -Supply & Elasticity of Supply -Price Determination -Price Mechanism -Consumer and Producer Surplus -Indirect Taxes and Subsidies -Alternative Views of Consumer Behaviour -Types of Market Failure -Externalities -Public Goods -Information Gaps -Government Intervention in Markets -Government Failure **Click on the links below to check out some of our FREE resources:** ***Free Worksheets:*** [Introduction to Economics Worksheet](https://www.tes.com/teaching-resource/resource-12665903) [The Economic Problem Worksheet](https://www.tes.com/teaching-resource/resource-12665900) [Production Possibility Frontiers Worksheet](https://www.tes.com/teaching-resource/resource-12665901) [Specialisation & the Division of Labour Worksheet](https://www.tes.com/teaching-resource/resource-12665902) [Types of Economy Worksheet](https://www.tes.com/teaching-resource/resource-12665904) [Price Determination Worksheet](https://www.tes.com/teaching-resource/price-determination-worksheet-a-level-economics-12666009) [National Income Worksheet](https://www.tes.com/teaching-resource/resource-12665908) ***Free Lessons:*** [Introduction to Economics Lesson](https://www.tes.com/teaching-resource/introduction-to-economics-a-level-economics-12555539) [The Economic Problem Lesson](https://www.tes.com/teaching-resource/resource-12666020) [Production Possibility Frontiers Lesson](https://www.tes.com/teaching-resource/resource-12666026) [Specialisation & the Division of Labour Lesson](https://www.tes.com/teaching-resource/resource-12666028) [Types of Economy Lesson](https://www.tes.com/teaching-resource/resource-12666029) [Price Determination Lesson](https://www.tes.com/teaching-resource/resource-12621482) [National Income Lesson](https://www.tes.com/teaching-resource/resource-12621376)
£26.50
Bundle
Market Failure Lessons (Topic 1.3) - A level Economics
**4** comprehensive lessons **each including a PowerPoint presentation, and worksheet with model answers.** The lessons cover topic 1.3 **(Market Failure)** within the A level Edexcel Economics specification. Although this resource is designed for the Edexcel specification, the content covered is **suitable for other exam boards too.** **Lessons included:** Types of Market Failure Externalities Public Goods Information Gaps **Click on the links below to check out some of our FREE resources:** ***Free Worksheets:*** [Introduction to Economics Worksheet](https://www.tes.com/teaching-resource/resource-12665903) [The Economic Problem Worksheet](https://www.tes.com/teaching-resource/resource-12665900) [Production Possibility Frontiers Worksheet](https://www.tes.com/teaching-resource/resource-12665901) [Specialisation & the Division of Labour Worksheet](https://www.tes.com/teaching-resource/resource-12665902) [Types of Economy Worksheet](https://www.tes.com/teaching-resource/resource-12665904) [Price Determination Worksheet](https://www.tes.com/teaching-resource/price-determination-worksheet-a-level-economics-12666009) [National Income Worksheet](https://www.tes.com/teaching-resource/resource-12665908) ***Free Lessons:*** [Introduction to Economics Lesson](https://www.tes.com/teaching-resource/introduction-to-economics-a-level-economics-12555539) [The Economic Problem Lesson](https://www.tes.com/teaching-resource/resource-12666020) [Production Possibility Frontiers Lesson](https://www.tes.com/teaching-resource/resource-12666026) [Specialisation & the Division of Labour Lesson](https://www.tes.com/teaching-resource/resource-12666028) [Types of Economy Lesson](https://www.tes.com/teaching-resource/resource-12666029) [Price Determination Lesson](https://www.tes.com/teaching-resource/resource-12621482) [National Income Lesson](https://www.tes.com/teaching-resource/resource-12621376) *We really appreciate feedback on our resources so if you kindly leave a review down below, you will be able to claim any resource (up to the value of this resource) from our shop for FREE. Just email Resourcify321@gmail.com with your username and your chosen resource. Your chosen resource will be sent to you within 24 hours.*
£7.75
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Disappointing when the resource is advertised as being 'comprehensive' and the PowerPoint is eleven slides that really don't explore the nuances of externalities enough in a negative and positive context. I would've expected a little more detail on that front. Question Worksheet is good and this is a good task. Disappointing.
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