Market Failure and Economic Policy - ECO00026C
- Department: Economics and Related Studies
- Credit value: 20 credits
- Credit level: C
- Academic year of delivery: 2026-27
Module summary
The module will demonstrate the usefulness of economic analysis and economic policy by considering various situations where markets fail to achieve desirable outcomes.
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 1 2026-27 |
Module aims
To demonstrate the usefulness of economic analysis by considering situations where markets fail to achieve desirable outcomes.
To introduce students to the concept of market failure and the various circumstances that give rise to it in the real world.
To demonstrate the need for appropriate economic policies and government intervention in the economy.
Module learning outcomes
-
Demonstrate knowledge and understanding of market failures and the associated economic policies to tackle them.
-
Analyse and evaluate real-world problems using appropriate theory and evidence.
-
Develop written, numerical and graphical skills that are essential in economic analysis.
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100.0 |
Special assessment rules
None
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100.0 |
Module feedback
Feedback will be provided in line with University policy
Indicative reading
Mankiw, N. G., and Taylor, M. P. (2023) Economics, 6th edition. Cengage Learning.
Sloman, J., Garratt, D., and Guest, J. (2024) Economics, 11th edition. Pearson Education.
Other online resources that will be used in the module: