Activities
Lesson plan activities
This page includes the student activities for each lesson plan from the teacher section. You will need to decide which pages to allocate to your students, by making each section as student access or non-student...
Activities
Costs of production (HL only)
This page contains the activities for the teacher page: Costs of production (HL only) In economics what is the difference between the short run and the long run? Key definitions: Total cost (TC) - represents...
Lesson plans
Costs of production (HL only)
This page begins the section of the course on revenues and costs of a business. I find that I am very often surprised by the confusion that the word cost means to many IB economics students, with so...
Lesson plans
Average and marginal revenue short answer questions
This page includes a short, relatively straightforward revision exercise that you can distribute to your classes to complete either in class or at home. I generally give this to my classes, have them...
Lesson plans
Unit 2.8-2.10: Market failure review terms
The page containing the activities, with student access, for this page is available at: Unit 2.8-2.10: Market failure review terms Available as a PDF file at: Unit 2.8-2.10 review sheet Teacher copy...
Activities
Unit 2.10: Asymmetric information (HL only)
This page contains the activities, with student access, for the teacher page: Unit 2.10: Asymmetric information (HL only) Start by watching the following video and then answer question regarding Groucho...
Lesson plans
Unit 2.10: Asymmetric information (HL only)
This page contains a higher level only element of the market market failure section and highlights another example of market failure in an economy. I find that asymmetric information is a difficult concept...
Activities
Unit 2.8: Demerit goods / negative externalities
This page contains the activities, with student access, for the teacher page: Unit 2.8: Demerit goods / negative externalities Demerit good - can be defined as one that produces negative externalities...
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Lesson plans
Unit 2.8: Demerit goods / negative externalities
This page focuses on another cause of market failure, the negative spillover costs associated with the consumption of demerit goods and some of the policies that governments can use to reduce the negative...
Activities
Unit 2.8: Merit goods
This page contains the activities, with student access, for the teacher page: Unit 2.8: Merit goods Merit goods - goods or services with strong positive externalities. Merit goods would be under-provided...