SHSubjectHub

Market failure in society

Edexcel 9EB0T4-2cA-levelLesson packSubscription
Also online

This worksheet marks itself

Set it as homework or classwork and every answer is marked as pupils go, with feedback on what they got wrong. The scores go straight into your mark book, so you can see who needs help before the next lesson.

  • 10 questions
  • 41 marks
  • about 55 minutes
  • marked instantly

Question types: short answer, multiple choice, fill the gap, true or false, matching.

Try it with a class, freeHow it works

Try one from this worksheet

Which of the following correctly describes how the free market treats merit goods and demerit goods, if left completely alone?

Pick an answer: it's marked straight away, just as your pupils would see it.

About this resource

Edexcel Economics B (9EB0) Theme 4 'Making markets work' (Paper 1), Unit T4-2 'Market power, regulation and market failure' — spec ref 4.3.1. Zooms OUT from Lessons 2a/2b's focus on market failure caused specifically by market POWER, to the wider causes of market failure across the whole economy:…

22 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — What Does 'Gap' Mean Here?
  3. Market Failure — Beyond Market Power
  4. Hinge Check — What Counts as Market Failure Today?
  5. Merit Goods — Under-consumed by the Free Market
  6. Hinge Check — What Does 'Merit Good' Mean for Provision?
  7. Demerit Goods — Over-consumed by the Free Market
  8. Guided Practice — Merit Good, Demerit Good, or Neither?
  9. Information Gaps and Asymmetric Information
  10. Hinge Check — Imperfect or Asymmetric Information?
  11. Factor Immobility
  12. Hinge Check — Which Type of Immobility?
Unit bundleTheme 4 · Making markets work
Part of: Theme 4 · Making markets work: the whole unitEvery resource in the unit in one zip.

More from Theme 4 · Making markets work