Activities
Behavioural economics: Consumer biases / nudge theory (HL only)
This page contains the activities for the teacher page: Behavioural economics: Consumer biases / nudge theory (HL only) Anchoring and framing - the anchoring effect happens when an individual must choose...
Lesson plans
Behavioural economics: Consumer biases / nudge theory (HL only)
This topic is new to the syllabus and recognises that the choices that consumers and producers choose is the outcome of complex decision making. Given the recent covid-19 related events this is also an...
Activities
Economic systems
This page contains the student activities for the page: Economic systems Economic systems - an economic system, or economic order, is a system of production, resource allocation and distribution of goods...
Lesson plans
Guidance for answering the homework question
These two homework questions will present good practise for your classes. The key word in the first question is opportunity cost. This is because any economy will have to decide how to allocate their...
Lesson plans
Factors of production
This lesson introduces the economic factors of production. Your students will already be aware of the notion that a nation possesses certain factors or resources which they use to produce goods and services. ...
Activities
Government budget
This page contains the student activities for the teacher page: Government budget Government budget - derived from government income from taxation and sales of public assets minus total expenditures,...
Lesson plans
Government budget
This page considers the way that governments collect tax revenue as well as how they spend that revenue on a range current expenditures, capital expenditures and transfer payments. The page containing...
Lesson plans
Monopolistic competition revision questions
1. Complete the following table for monopolistic competition’s market characteristics. Many Very similar to each other Non perfect Low or zero Very limited 2. Diagrams a. Draw the short and long-run diagrams...
Lesson plans
A comparison of monopoly and perfect competition (HL only)
This lesson compares monopoly and perfect competition and asks which offers greater benefits to any society? Much of the response to this will depend on personal opinion but IB students should be aware...
Lesson plans
Perfect competition 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...