Blog
The impact of an infrastructure project Free
The UK government has just approved plans for a second runway at London’s Gatwick airport. This is a significant $2.9 billion infrastructure investment for the UK economy. This is a privately financed...
Blog
Resource allocation in the technology market Free
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...
Blog
South Africa's unemployment problem Free
South Africa's unemployment rate has climbed again, now sitting at 32.9% in the first quarter of 2025. Interestingly, the number of people in the labour market actually decreased, with fewer individuals...
Assessment
Predicted grade calculator
When it is time to predict those final grades, it can be a bit stressful. The final predicted grade should be based on the evidence that you have seen of the student's learning. The following simple...
Blog
How changing demography changes a market Free
The US-based apparel company Skechers, founded in 1992 and based in Southern California, has become one of the most successful businesses in the sportswear market in recent years. The company has multiplied...
Lesson plans
John Maynard Keynes
This lesson contains information on Keynes, the man himself. I believe that this is a good time in the syllabus to provide a biography of the man's work but similarly there may also be teachers who prefer...
The IB core
Where economics fits in to the IB
The economics course is part of the group 3 subjects, individuals and societies. Typically students interested in studying either economics or business management at university will choose to take the...
Assessment
Mark scheme Q1 unit 3.1
This exam style question is suitable for HL or SL students. The first part of the response can be answered as 3 x 3, with up to 3 marks awarded for each of the three reasons that the candidate will provide....
Lesson plans
Long run average cost curves (HL only)
This page simply looks at the concept of the long run in economics and considers why businesses experience firstly economies of scale and then diseconomies of scale as they increases output levels. Classifying...
Lesson plans
Unit 2.1-2.3: Multiple choice quiz
This quiz is also available as a PDF file at: Quiz on demand and supply...