Economics

Unit 1 | Topic 2.7 | Public Goods and Externalities

Why does a society provide public goods?

Objectives

• Identify examples of public goods.

• Analyze market failures.

• Evaluate how the government allocates some resources by managing externalities.

Procedure

1. Review the Aim and notes from your initial text read.

2. Participate in the corresponding lesson topic presentation, revising notes.

3. Watch corresponding video(s); further revising notes.

4. Complete teacher instructed assignments.

Extension

• Excogitate and pore over notes for upcoming topic assessment.