Activities
Revision exercise on cost and revenue (HL only)
The student activities on this page are connected to the teacher page: Revision exercise on cost and revenue (HL only) Fit the appropriate word into the table so that it fits with the correct definition....
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Lesson plans
Market power crossword
Let your classes enjoy this revision crossword, perfect for a Friday afternoon or the last week of term. Students can have fun and learn at the same time with this exercise - answers included. The...
eBook
Unit 3.6 Government management of the economy – fiscal policy
Governments can use fiscal policy as a demand-side policy to achieve their macroeconomic objectives, similar to the application of monetary policy. Fiscal policy involves governments using taxes and government...
Activities
Paper 1 real-world example: Disinflation in the US
The US economy is currently experiencing a period of disinflation. June’s rate of inflation in the US has fallen to 3% and the country might be seeing the end of the work inflationary period for over...
eBook
Unit 3.5 Government management of the economy – monetary policy
To achieve these objectives, the government can use demand management, or a demand-side approach, to affect aggregate demand in the economy. The government demand management approach can be divided into...
Lesson plans
Breakeven (HL only)
This lesson focuses on breakeven. Previously this unit of the syllabus included shut down points, which is no longer part of the new syllabus. The activities for this page, providing student access can...
Activities
Breakeven (HL only)
The activities on this page relate to the teacher page: Breakeven (HL only) 1. If you owned a business that was losing money would you continue operating? Break-even point: TR = TC or AR = AC The...
Activities
Long run average cost curves (HL only)
The activities on this page relate to the teacher page: Long run average cost curves (HL only) LRAC curve - consists of a locus of points, each representing the most efficient level of production in...
Lesson plans
Economies and diseconomies of scale (HL only)
This lesson introduces the concept of economies and diseconomies of scale which students easily remember as the advantages and disadvantages of being a larger company, but need a more specific definition. ...
Activities
Economies and diseconomies of scale (HL only)
The activities on this page relate to the teacher page: Economies and diseconomies of scale (HL only) Economies of scale - a firm experiences economies of scale when they are experiencing increasing...