Market Failures – What are externalities and public goods?
In this video, students will learn how to write a JC Economics Essay that explains the meaning of ‘externality’ and ‘public good’, which are key terms found in the topic of Market Failure.
Under Theme 2 of A Level Economics (H1 and H2 students), you will examine why price mechanism may fail at times, giving rise to market failures, which necessitates government intervention.
Through the use of a guided and instructional video explanation, students can enhance their learning methods by setting perspectives and provide in-depth discussion of the issues.
Furthermore, this video is prepared with the consideration of the time constraints imposed for the examinations. Therefore, the essay writing skills attained from the video will make writing feasible to achieve, thereby enabling students to excel at their A Level Economics examination.
Students who are interested to learn more, you can join our GCE A level preparation class. Please call Simon Ng @ 96890510 for more consultation.