Blog
The Economics of Cop26 Free
The weight of expectation hangs heavily on world leaders as they meet for the global climate summit in Glasgow this week. Reaching an agreement that limits global warming to 1.5 degrees is a challenging...
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Assessment
Sample IA work (sample 5b)
The following page provides another sample IA, sample number 5b - macroeconomics. This sample is designed to be graded alongside sample number 5a and 5c. Published: 30 June 2019 The Scottish Government...
Lesson plans
Unit 4.7-4.8: Review sheet
I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get a degree of comfort from these short summary handouts. The review sheet is available...
Lesson plans
Unit 4.9 - 4.10: Review sheet
I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get a degree of comfort from these short summary handouts. Available as a PDF file...
Blog
Applying game theory Free
The American economist John Nash is a central figure in the application of Game Theory in Economics. In 1994 he won the Nobel Prize in Economics for his PhD thesis which set out the definition and properties...
Blog
The cost of energy Free
The world price of natural gas has increased from $2.50 per unit to $5.60 per unit over the last 12 months – an increase of 124%. Like a price ‘spike’ in most markets, the cause of the increase in price...
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Blog
The wacky plan to pay off US national debt with a $1 trillion coin Free
Some politicians are advocating the US government mint a new coin as worries mount that America's money will run dry. It is October 17, 2021, and the US is just hours away from a historic and highly damaging...
Blog
A look at changes in the labour market Free
As the world economy emerges from the pandemic and the threat of rising unemployment recedes another employment problem is emerging in many countries: a shortage of labour. ‘We are running into a global...
Blog
A new book on changing capitalism Free
Mariana Mazzucato is Professor in the Economics of Innovation and Public Value at University College London. Her work as the founding director of the UCL Institute for Innovation and Public Purpose is...
Blog
Online gaming and market failure Free
Plenty of politicians have their eye on the harmful consequences of online gaming. There are stories of gamers playing for such continuously long time periods they wear diapers to avoid pauses in play....