This detailed lesson looks at government intervention in the economy through price floors, price ceilings and subsidies. The lesson also looks at government failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at:
* Price ceilings
* Secondary markets
* Price floors
* Minimum legal prices
* Government failure
Lesson Aim: Students will understand how the government can impose price floors, price ceilings and subsidies.
I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and key examples to help teach a tricky topic. A perfect lesson for Economics.