Unit 2.8-2.10: Market failure

Links to pages with lesson plans for unit 2.8-2.10

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the microeconomics unit,2.8: Market failure. Under the old syllabus this unit was included under 1.4: Market failure. Typically each lesson plan includes resources to use on an interactive whiteboard and worksheets to print. The pages have full student access to give maximum flexibility to the teacher and the student. There are theoretical notes for extended reading and teacher notes at the top that provide timing information lesson objectives and activity instructions.

Unit 2.8-2.10: Market failure

The four types of market failures are public goods, market control, externalities, and imperfect information.

Direct links to the unit pages can be accessed at:

Assessment map

This page provides a map of the various assessments included in the unit, including short answers responses, essays and areas for discussion. I have included a section A and section B blank essay template...

Unit 2.8: Merit goods

This lesson looks at another reason for market failure in economics - the under supply of merit goods in an economy. I find that students will sometimes confuse the concepts of merit goods and positive...

Unit 2.8: Demerit goods

This page focuses on another cause of market failure, the negative spillover costs associated with the consumption of demerit goods and some of the policies that governments can use to reduce the negative...

Unit 2.9: Economics of the environment and public goods

This lesson aims to introduce the concept of market failure. I like to start by asking my classes two questions. Number one what is a market place? You can even draw this on the whiteboard and then...

Unit 2.10: Asymmetric information (HL only)

This page contains a higher level only element of the market market failure section and highlights another example of market failure in an economy. I find that asymmetric information is a difficult concept...

Unit 2.8-2.10: Market failure review sheet

This page contains a table which when completed makes an excellent revision aid.Private goodsFree goodsPublic goodsMerit goodsDe-merit goodsNegative externalities

Unit 2.8-2.10: Market failure review terms

I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get a degree of comfort from these short summary handouts.Available as a PDF file at:...

Unit 2.7-2.10: Multiple choice quiz

Quiz available as a PDF file at: Quiz on unit 2.7-2.11Having now completed the pages from unit 2.7-2.11, why not enjoy playing a game of 'who wants to be a millionaire', or 'speed match', with questions...