ECONOMICS
Topic 3: Markets
Students learn to:
Examine economic issues
- identify reasons why government may intervene in certain markets.
Students learn about:
Alternatives to market solutions
- the role of government (market failure – merit goods, public goods, externalities).
Topic 6: Government and the Economy
Students learn to:
Examine economic issues
- assess the need for government intervention in a market economy
- examine how the operation of the free market without government intervention might affect the distribution of income, quality of life of individuals and the management of the environment.