ECONOMICS
Topic 3: Markets
Students learn to:
Examine economic issues
- identify reasons why government may intervene in certain markets.
Students learn about:
Demand and supply
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.
- Students learn about:
- Government intervention in the economy
Limitations of the operation of the free market
- externalities and the environment – pollution, climate change.