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IB Approved Workshops
Economics (New Syllabus)
IB DP Category 2
Paris, France, 21 - 23 February 2025
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Virtual Think-Ins
Paper 1 (Extended response) in DP Economics
Virtual Think-In, 2 December 2024
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Paper 2 (Data response) in DP Economics
Virtual Think-In, 9 December 2024
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Units 1-2: Microeconomics
Unit 2.8: Merit goods Free
This lesson looks at another reason for market failure in economics - the undersupply of merit goods in an economy. I find that students will sometimes confuse the concepts of merit goods and positive...
Unit 3: Macroeconomics
Calculating national income Free
This lesson focuses on how national income is measured. Your classes will need to understand the fact that national income can be calculated in different ways but that the answer should be the same -...
Exam questions
Paper 3 question on oligopoly, regulating markets, revenues and profits
IB Economics Paper 3 includes two compulsory questions. This is a sample Paper 3 question. The time allowed for Paper 3 is 105 minutes so students should spend 52.5 minutes on each question. This paper...
Exam questions
Demand, supply, PED, consumer surplus, functions of price, maximum price
This case study focuses on price elasticity of demand, demand, supply and maximum prices. This paper can be completed as a homework or classwork exercise and should take around 105 minutes. It is based...
Unit 3: Macroeconomics
Equilibrium unemployment
This page focuses on the types of equilibrium unemployment. What unemployment is still present in the economy when the economy is in equilibrium (full employment). Lesson time: 85 minutes Lesson objectives:...
Blog
The rising price of groceries in the United States
On Wednesday, November 6, the world woke up to hear that Donald Trump had won the first of the key swing states in the US election and was well on course to win his second term as president. He is now...
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Exam questions
India's drive towards developed status
This case study focuses on economic development in a fast growing developing nation, international trade and inequality. It can be completed as homework or classwork and should take around 105 minutes....
Units 1-2: Microeconomics
PED elasticity and sales revenue?
This lesson relates the concept of PED, learnt in the previous lesson, to a firm's sales revenue? A good way to introduce this concept is to refer back to the rubber band activity. When a firm raises...
Unit 4: Global economy
Sustainable development
This lesson introduces the development economics course and focuses on the goals set out by the UN, to improve the lives of the poorest sections of the planet. What are the sustainable development goals?...
Unit 4: Global economy
The market for foreign exchange
This page looks at the factors that lead to changes in currency demand and supply, including foreign demand for a country’s exports, domestic demand for imports, relative interest rates, relative inflation...