Thanks for the explanation, Alex. I'll pass it on to my students.
Unit 4.2/4.3 Trade protectionismHi Barend, Thank you so much for your point. This is a tricky bit of theory, and its interpretation depends a bit on which textbook you use. You could put the welfare loss where you suggest, or in the area I've shown. Both could represent the cost...
Unit 4.2/4.3 Trade protectionismInteresting Andre, I did not know that.
Price elasticity of demand revision sheetSorry for not going back to this. If we don't change the options, either a. or c. make more sense to me. If it were up to me, I'd change the question to "chargers" instead of covers. I think this policy has changed, but at least it used...
Price elasticity of demand revision sheetHi! I have a question regarding the DWL or welfare loss of import quotas. Is the red triangle on diagram 4.8 correct? Should it not be the bottom triangle of the blue square (triangle opposite the yellow triangle? My understanding may...
Unit 4.2/4.3 Trade protectionismHi Aparna, You do not need a hypothesis to meet a specific part of the marking criteria for the EE. I use it with my students because it helps them structure their extended essay and include economic theory in a way that supports their argument. I...
Extended essay (new specification)Hi Mark, Does adding a hypothesis makes difference in grades ?
Extended essay (new specification)Hi Mark, Does adding a hypothesis makes difference in grades ?
Extended essay (new specification)Sure Michael, if you think or even change the question to be about the UK.
Merit and demerit goods revision sheet
Isabel
My students have identified an error in activity 5 on the worksheet - why do both currencies appreciate? Shouldnt the dollar appreciate and the pound depreciate?
The market for foreign exchange