What students need to learn:
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Content
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Students should be able to:
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Additional Guidance Notes
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Methods of government intervention
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Understand the different measures of government intervention to
correct market failure, for example, indirect taxation, subsidies, buffer stocks,
tradable pollution permits, extension of property rights, state provision and
regulation.
Apply, analyse and assess the effectiveness of each method of
government intervention for correcting market failure.
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Students should be able to apply government economic measures in
various contexts, for example, road pricing, landfill tax, carbon offsetting
and carbon emissions trading, renewable energy certificates.
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Post by Oscar Maldives.
