This detailed lesson looks at both positive and negative externalities and how they can lead to market failure. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks.
Lesson Aim: Students will understand what both positive and negative externalities are and how they can lead to market failure.
I have included a student copy of the lesson to work alongside the main PPT. I have included exam style questions and videos to help teach a tricky topic. A perfect lesson for Economics.