91402 Market Failure - Home Use
91402 Market Failure - Home Use
LearnWell Digital
This version of the resource is for home use. Students work independently through the resource. If you are a teacher, you should purchase the school use version.
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What you'll learn
In this course you will learn what you need to know to meet NCEA Level 3 Economics Achievement Standard 91402 (Economics 3.4): Demonstrate understanding of government interventions where the market fails to deliver efficient or equitable outcomes (5 credits, version 3).
The market failures you will study are:
- consumption externalities
- production externalities
- public goods
- imperfect information
- inequitable income and wealth distribution
- under-provision of a merit good or service.
To meet the evidence requirement for this Achievement Standard, you are only required to investigate one market failure as a context for government interventions.
LearnWell Digital resources bring you the same great learning as in our books - but in an interactive digital format. They are accessed by using the iQualify online learning platform, where you'll find all your digital resources together in one place.
You can find out more on the information page about our LearnWell Digital resources.
