91402 Market Failure - School Use
91402 Market Failure - School Use
LearnWell Digital
This version of the resource is for school use. Teachers can facilitate, and load students from their class. If you are not using this resource in class, you should purchase the home use version.
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What you'll learn
This course covers the things you'll need to know and be able to do for 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.
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