This lesson is a perfect introduction to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson starts with a look at productive and allocative efficiency. The lesson then explains what market failure is and why it is a big problem. The lesson then looks briefly a the following types of market failure:
* Externalities
* Merit and Demerit Goods
* Public goods
Main lesson aim: Students will understand what market failure is and the main causes of market failure.
I have made a nice task where students need to tick whether a product is a public, merit or demerit good and explain their answer. I have also included a nice worksheet on the topics covered. I have also included a student copy of the PPT. This lesson is perfect to GCSE or A-Level Economics.
* Externalities
* Merit and Demerit Goods
* Public goods
Main lesson aim: Students will understand what market failure is and the main causes of market failure.
I have made a nice task where students need to tick whether a product is a public, merit or demerit good and explain their answer. I have also included a nice worksheet on the topics covered. I have also included a student copy of the PPT. This lesson is perfect to GCSE or A-Level Economics.
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A good resource for my IGCSE class. Slides are concise and easy to understand. Can you supply the link for the video in the presentation? Also are there any model answers for the activities and worksheet? <br /> Thanks for preparing these resources, they have saved me a lot of time
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