Lesson plans
Demand and supply 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. It is...
Activities
Demand and supply crossword
This page is also available, with the answers, on the teacher page: Demand and supply crossword Across Down 1. The quantity of something people want to buy 2. The change in QS following a change in price ...
Lesson plans
A mathematical note about elasticity
Some of your students may question you about the shape of the demand and supply curves. In IB economics we always assume that demand and supply curves are drawn as a straight line. It is important that...
Activities
A mathematical note about elasticity
This page contains the activities for the teacher only page: A mathematical note about elasticity It is normal for IB economics students to make the assumption that elasticity curves are linear i.e....
Activities
Perfectly elastic / inelastic supply curves
This page contains the activities, with student access, for the teacher page: Perfectly elastic / inelastic supply curves Perfectly inelastic supply - a product with a PES of 0, meaning that following...
Lesson plans
Unit 2.5: Income elasticity of demand (YED)
This lesson focuses on the third type of elasticity in economics - income elasticity of demand or YED. I find that many IB students will confuse this concept with price elasticity of demand. You will...
Activities
Unit 2.5: Income elasticity of demand (YED)
This page contains the activities, with student access, for the teacher page: Unit 2.5: Income elasticity of demand (YED) Income elasticity of demand (YED) - the responsiveness of demand for a good or...
Activities
Price elasticity of demand revision sheet
This page contains the activities, with student access, for the page: Price elasticity of demand revision sheet 1. Fill in the missing words. Price elasticity of demand is a measure of the responsiveness...
Lesson plans
Unit 2.5: Price elasticity of demand Free
Until now your students will have largely worked on the assumption that demand is linear and that the relationship between selling price and quantity demanded was the same or at least similar for most...
eBook
Unit 3.4(2) Policies to improve equality, equity and poverty
To varying degrees, all governments see improving equity, income equality, and reducing poverty as political and economic objectives. Achieving lower poverty rates, along with greater equity and equality,...