1.4.1 Government intervention in markets - Theme 1 Edexcel A Level Economics
This double lesson introduces learners to the variety of interventions that governments use to intervene in markets. We start by recapping indirect taxes and subsidies before looking at examples of minimum and maximum prices - students contextualise this by looking at alcohol minimum prices and tuition fee caps in the UK - a short question with a model answer on this too. We then look at pollution permits, state provision of public goods, provision of information and regulation as other ways governments can interevene in markets. Two links to
kahoot quizzes to finish with.
Colourful, concise and engaging slides!