Market Failure- GCSE Economics - Full Lesson

This lesson / resource is a lesson covering Market Failure and has been designed for GCSE / iGCSE Economics.

It has the following learning objectives shown below:

Learning objectives/Outcomes:

• Understand the meaning of Market Failure
• Know the difference between Public Goods, Merit Goods, and Demerit Goods
• Know the difference between social costs / benefits and private costs / benefits
• Understand the main reasons for market failure

This download includes:

• A full lesson PowerPoint
• Printable Sort Task

All necessary resources to run the lesson are included in this download and all my lessons are for a double lesson i.e. to take around 1 hour and fifty minutes so they can be separated into two single lessons if required.

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All activities and resources have been used in class and any errors will be fixed and resources updated as soon as I am aware of any errors. I have priced my resources at what I consider to be a reasonable cost based upon the amount of effort and work I have put into them but all comments and suggestions are very welcome and will be used to improve future resources.

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