Activities
Paper 1 real world example: Common pool resources, sustainability and international agreements
Question paper Answer paper The ocean floors are scattered with trillions of lumps of 'critical' minerals, which are key to the world’s transition to renewable energy. Nickel, copper, cobalt, and...
Activities
Paper 1 real world example: Asymmetric information
Going online to buy car insurance is one of those bewildering experiences. You are faced with screen after screen of information-gathering questions used by insurance company algorithms to assess how...
Activities
Paper 1 real-world example: Resource allocation in the technology market
This week, Apple launched their new iPhone Air. Not only is it the thinnest iPhone, it also comes without a SIM card. The iPhone Air comes with an eSIM. iPhone customers will no longer receive a device...
Activities
Paper 1 real-world example: The price mechanism in the gold market
The price of goods has just risen to $4,000 for the first time. This record high comes after months of strong price increases in gold. The chart shows the gold price over the last 5 years. The price increase...
Activities
Real-world examples to support SL and HL paper 1
This section will provide direct access to real-world examples that students can use to support their answers to the questions in paper one of the examination. Each real-world example is presented as...
eBook
Unit 2.6: Price elasticity of supply (PES)
Price elasticity of supply(PES) shifts the emphasis of elasticity away from the consumer to the producer. PES measures how producers' supply responds to changes in the price of the product they sell....
Assessment
Mark scheme Q13 (unit 4.10)
This exam-style question was written by me and focuses on the impact of foreign aid, including FDI and ELDCs. Section B questions now require candidates to explicitly apply their response to a real world...
Assessment
Mark scheme Q12 (unit 4.10)
This exam-style question was written by me and focuses on the impact of poverty and sustainability. Section B questions now require candidates to explicitly apply their response to a real world situation....
Assessment
Mark scheme Q11 (unit 4.2-4.3)
This exam style question was written by me and focusses on the impact of tariff barriers, amongst other types of trade barriers. Section B questions now require candidates to explicitly apply their response...
Assessment
Mark scheme Q10 (unit 4.7)
This exam style question was written by me and focusses on the impact of good institutions on economic growth. This might be on LEDCs or a fully developed nation. on Section B questions now require candidates...