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This lesson looks at public and private goods and how they link to market failure. The lesson includes lots of detailed theory, diagrams, examples and tasks. The lesson covers the following key theory:
* Public goods
* Quasi public goods
Main lesson aim: Students will understand what public goods are and how they can lead to market failure if they are not properly provided.
* All Students will understand what public goods are and know a number of relevant examples.
* Most Students will understand the difference between pure public goods and quasi-public goods with relevant examples.
* Some students will know how to answer 25 mark exam questions on public goods.
The lesson starts with a fun quiz on the lesson topic. I have included a great 'Public & Private Goods in the Economy' task. The lesson then looks at a high mark exam question which includes a useful template. The lesson concludes with a nice 'You Say We Pay' game to help cover the key theory. I have also included a student copy of the PPT. This lesson is perfect for Economics.
I have included 2 separate PPT's that could help stretch this topic over two full lessons.