Lesson plans
Unit 2.8: Merit goods
This lesson looks at another reason for market failure in economics - the undersupply of merit goods in an economy. I find that students will sometimes confuse the concepts of merit goods and positive...
Activities
Minimum price
This page contains the activities, with student access, for the teacher page: Minimum price Watch the following short video, from 1.50 minute onwards and then consider which goods or services does your...
Lesson plans
Minimum price
This lesson focuses on the second part of price controls, when a government imposes a minimum price on a good or service. The page containing the activities, with student access, for this page is available...
Activities
Price controls − maximum price
This page contains the activities, with student access, for the teacher page: Price controls − maximum price Price controls - a price intervention applied by governments. Price controls come in two...
Lesson plans
Price controls − maximum price
This lesson focuses on the impact of a maximum price on the market for a good or service. At first glance many of your students may be supportive of a maximum price on certain goods and services. This...
Activities
Government subsidies
This page contains the activities, with student access, for the teacher page: Government subsidies Start by watching the following video, which explains the term subsidy and then answer the question...
Lesson plans
Government subsidies
Just as we have seen that the imposition of a sales tax impacts on the market equilibrium for a good or service, a subsidy on a product will do the same - as the first video on this page describes, a...
Lesson plans
PED and the burden of tax (HL only)
When an indirect tax is placed on a good or service there is an impact on consumers, producers as well as the government. The impact on each stakeholder depends on the PED for a product. Start this...
Activities
Indirect taxation
This page contains the activities, with student access, for the teacher page: Indirect taxation Indirect tax - tax placed on a good or service, raising the production costs of the business. It is a...
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Lesson plans
Indirect taxation
While this lesson focuses on the impact of indirect taxation on a good or service there is also a discussion of how taxes are spent and reasons why a government places a tax on a good or service. Your...