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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 examinations. For students who are keen to learn more about A Level Economics, please subscribe to our YouTube Channel @ http://bit.ly/economics-focus-youtube Alternatively, you can access other related and useful resources listed below: Economics Tuition programmes @ https://www.economicsfocus.com.sg/eco... Other eLearning features @ https://www.economicsfocus.com.sg/jc-... Essay Writing Skills @ https://www.economicsfocus.com.sg/jc-... CSQ Skills @ https://www.economicsfocus.com.sg/jc-... Diagram Illustration @ https://www.economicsfocus.com.sg/jc-... Topical Teaching @ https://www.economicsfocus.com.sg/jc-... Class Practices @ https://www.economicsfocus.com.sg/jc-... For students who are preparing for the A Level Economics examinations (H1 and H2), you can sign up for our regular and intensive revision classes @ https://tinyurl.com/economics-tuition... Official Website: https://www.economicsfocus.com.sg About Economics Focus: Since 2003, Mr. Simon Ng has been involved in the teaching of GCE A Level Economics and General Paper to prepare JC (Junior College) students for the examinations in Singapore. Under the guidance of the principal JC Economics Tutor, students have improved their writing proficiency and critical thinking skills whilst seeking to understand complex Economics-related issues. The economics tuition classes will not only support students for the examinations, but also impart the essential skills and strengthen mental resilience to prepare students for the future challenges in the various working fields.