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Government Intervention and Government Failure

Edexcel 9EB0T1-3dA-levelLesson packSubscription
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  • 9 questions
  • 42 marks
  • about 60 minutes
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Question types: short answer, multiple choice, fill the gap, matching, calculation.

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About this resource

Edexcel Economics B (9EB0) Theme 1, Unit T1-3 (spec ref 1.5.2) — the purpose and methods of government intervention in markets (indirect taxes, subsidies, regulation, information, tradable permits, state provision, voluntary agreements), the strengths and weaknesses of each, and the concept of go…

18 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Why Do Governments Intervene?
  3. Hinge Check — Matching Failure to Method
  4. Indirect Taxes — Making Firms Pay the External Cost
  5. Reading the Diagram — Tax Shifts Supply Left, Subsidy Shifts Supply Right
  6. Hinge Check — Which Curve Shifts?
  7. Guided Practice — Shift the Diagram (Indirect Tax)
  8. Subsidies — Encouraging Positive-Externality Goods
  9. The Full Toolkit — Methods of Government Intervention
  10. Hinge Check — Regulation vs Voluntary Agreement
  11. Government Failure
  12. Hinge Check — Does Intervention Always Improve Outcomes?
Unit bundleTheme 1 · Markets, consumers and firms
Part of: Theme 1 · Markets, consumers and firms: the whole unitEvery resource in the unit in one zip.

More from Theme 1 · Markets, consumers and firms