Selected student pages
Activities
Costs of inflation and deflation
This page contains the student activities for the teacher page: Costs of inflation and deflation Hyper inflation - very high and typically accelerating inflation, of generally several hundred %. It...
Assessment
Paper 2 question: Development in an LEDC
In 1994, China began work on the world's largest dam project, the Three Gorges Dam that spans the Yangtze River in Hubei province, China. It was completed in 2009 and is the largest hydro-power station...
Assessment
Mark scheme Q3 unit 3.3
This is a standard level question but can be graded using the same mark criteria. Part (a) of the question requires a largely descriptive response from the candidate. Responses will have to demonstrate...
Assessment
Paper 1 guidance
This page takes you through an example question and answer from a paper one economics examination paper. It will help you identify command terms within questions and to understand what is required in...
Assessment
Mark scheme Q5 unit 2.11
This exam style question is from the HL section of the syllabus. This question was probably better illustrated by the 'kinked' demand curve which is no longer part of the syllabus but responses can also...
Activities
Components of aggregate demand
This page contains the student activities for the teacher page: Components of aggregate demand Aggregate demand - the total spending in an economy consisting of consumption, investment, government expenditure...
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Assessment
Mark scheme Q12 unit 3.3
This paper 1 style question looks at two aspects of the syllabus, the first natural unemployment i.e. unemployment unconnected to the state of the economy and part (b) monetary policy and a recessionary...
Activities
Unit 3.1-3.7: Multiple choice quiz
This page contains the student activities for the teacher page: Unit 3.1-3.7: Multiple choice quiz The questions in this paper can be accessed as a PDF file at: Unit 3.1-3.7 questions...
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...
Activities
Glossary of terms unit 4 Development
Glossary terms available as a PDF file at: Unit 4.7-4.10 glossary...
Assessment
Mark scheme Q6 (unit 4.5)
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...
eBook
Unit 3.2(1): Variations in economic activity - aggregate demand (AD)
The interaction between aggregate demand and aggregate supply in the whole economy determines the level of economic activity, measured by a country's real GDP. Changes in aggregate demand and supply determine...