Evaluate the extent to which an increase in tax on gambling is the most effective method of reducing the market failure associated with excessive gambling in the UK.

Introduction

1) What is the main issue the question is asking you to discuss?

2) What will you discuss (key content)?

3) What will you argue?

Section 1 - How is the market failing?

Define and explain the type(s) of failure

Draw a diagram

Explain what the diagram shows

Suggest potential solutions that could be appropriate

Section 2 - First solution to market failure (increased tax)

KU: Define and explain the theory behind the solution

KU/AP Draw a diagram to show the solution and explain what it shows

AP Using your research explain how the solution works in the real world - give examples

AN: Analyze the advantages and disadvantages of the solution

EV: Make a judgement about whether the government should intervene in this way (do the benefits outweigh the costs)

Section 3 - Second solution to market failure

KU: Define and explain the theory behind the solution

KU/AP: Draw a diagram to show the solution and explain what it shows

AP: Using your research, explain how the solution works in the real world (use quotes!)

AN: Analyse the advantages and disadvantages of the solution

EV: Make a judgement about whether the government should intervene in this way (do the benefits outweigh the costs)

Section 4 - Third solution to market failure

KU: Define and explain the theory behind the solution

KU/AP: Draw a diagram to show the solution and explain what it shows

AP: Using your research, explain how the solution works in the real world (use quotes!)

AN: Analyze the advantages and disadvantages of the solution

EV: Make a judgement about whether the government should intervene in this way (do the benefits outweigh the costs)

Conclusion

Summaries your judgements and the key reasons supporting them:

Should the government intervene in one of the ways suggested?

Should the government intervene in two/all of the ways suggested if yes, why and how would the measures work together?

Note:

Take information from any source