SHSubjectHub

Policies to deal with market failure

Edexcel 9EB0T4-2dA-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
  • 42 marks
  • about 55 minutes
  • marked instantly

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

Try it with a class, freeHow it works

Try one from this worksheet

A government wants to increase consumption of a good that creates a positive externality but is currently under-consumed by the free market. Which policy directly targets this using a price-based mechanism, and how?

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 4.3.3. Final lesson of Unit T4-2. Building directly on Lesson 2c's four causes of market failure (merit/demerit goods, information gaps, factor immobility, extern…

22 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — What Does 'Floor' Mean Here?
  3. From Causes to Cures — The Government's Policy Toolkit
  4. Hinge Check — Which Type of Tool Fits a Negative Externality?
  5. Indirect Taxes on Demerit Goods
  6. Hinge Check — Why Doesn't the Tax Cut Consumption Much?
  7. Guided Practice — Shift the Diagram (Indirect Tax)
  8. Subsidies on Merit Goods
  9. Hinge Check — Which Weakness of Subsidies?
  10. Regulation and Bans, and Minimum/Maximum Prices
  11. Hinge Check — Minimum Price and Surplus
  12. Tradable Pollution Permits
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