Blog
The increasing cost of hiring a car Free
For many holidaymakers, there is a ritual when you reach your holiday destination airport, after retrieving your luggage and emerging from the arrivals lounge, you go to pick up your hire car. This can...
Blog
The global rise in interest rates Free
Across the world, central banks are increasing interest rates in response to the growing threat of inflation. In the last three months, monetary policymakers have increased their key interest rates 60...
Blog
Economic Problems in Sri Lanka Free
Inflation and shortages Most countries in the world are experiencing a continuing economic shock that has followed the Covid19 pandemic. If the pandemic was the earthquake, the world economy is currently...
Start here: Teachers
Setting assignments
This site allows you to set assignments for individual classes which can be either reading, writing or discussion assignments. The following page explains how you can use this option. Start by clicking...
Activities
Crosswords
Your students who enjoyed playing the other games on this website, may also enjoy this page, which contains a set of crosswords based on the IB economics syllabus. I hope your students enjoy playing...
Blog
Elon Musk buys Twitter Free
On Monday 25 April 2022 Elon Musk agreed to pay $44 billion for the social media company, Twitter. The takeover will take Twitter from a Public Limited Company which is listed on the New York Stock Exchange...
Assessment
Mark scheme Q10 unit 3.3
This paper 1 style question on income inequality is in two parts. Questions on income inequality can be found in the macroeconomics syllabus and are also associated with the development component of...
Assessment
Mark scheme Q7 unit 3.3
This paper 1 style question, on unemployment, is in two parts. The first asks candidates to describe different two types of unemployment, ideally supported by a relevant diagram. Treat this part of...
Assessment
Mark scheme Q6 unit 3.3
This paper 1 style question, on unemployment, is in two parts. The first asks candidates to describe some of the difficulties associated with measuring unemployment. While there are number of challenges...
Assessment
Mark scheme Q3 unit 3.3
This is a standard level question but can be graded using the same mark criteria. Part (a) of the question requires a largely descriptive response from the candidate. Responses will have to demonstrate...