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NotesEconomicsTopic 2.9
Unit 2 · Microeconomics · Topic 2.9

IB Economics — Market failure: public goods

Non-rivalry/non-excludability, free-rider problem, and government provision.

Exam technique guidePractice questions

What you'll learn in Topic 2.9

  • 2.9.1 Characteristics of public goods
  • 2.9.2 Government provision and quasi-public goods
Suggested study order: Read the notes for each sub-topic below → test yourself with flashcards → attempt practice questions → review exam technique.

Study resources — 2.9 Market failure: public goods

2.9.1

Characteristics of public goods

Notes
2.9.2

Government provision and quasi-public goods

Notes

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Topic 2.9 Market failure: public goods forms a core part of Unit 2: Microeconomics in IB Economics. Mastering these concepts will strengthen your understanding of connected topics across the syllabus and prepare you for exam questions that require analysis, evaluation, and real-world application.

Frequently asked questions

What does Topic 2.9 Market failure: public goods cover in IB Business Management?
Topic 2.9 covers market failure: public goods as part of the IB BM syllabus. Students learn key business concepts, tools, and frameworks that are assessed in Paper 1 (case study) and Paper 2 (structured questions).
How should I revise Market failure: public goods for IB Business Management exams?
Start with the micro-topic notes to build understanding, then use flashcards for key terms and formulas. Practise applying concepts to case study scenarios and review how marks are allocated in IB mark schemes.
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