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Virtual Think-In, 17 - 18 June 2021
Online (IB Approved)
3 - 5 September 2021
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Quote of the day
" Religion is the opium of the masses. "
If you are interested in Mark Johnson & Alex Smith visiting your school to work with teachers and/or students, please contact us.
IntroductionThis lesson focuses on the impact of a maximum price on the market for a good or service. At first glance many of your students may be supportive of a maximum price on certain goods and services. This is because the benefits of price controls for certain products seem obvious − who wouldn't want to pay less for the goods and services that they purchase? However, an important...
IntroductionThis lesson is designed as an introduction to economics exercise. It is the lesson that I provide to my classes, on day one of the course. Many of your students will be taking the course for the first time and will not necessarily have an understanding of what the subject actually involves. Perhaps some of your class will have only a little knowledge of the subject but may know that it...
Paper 3 sample questionThis section includes an IB paper 3 style examination question and markscheme from the new syllabus. Students are required to answer 2 questions when they are completing paper 3 and they have 105 minutes to do this.There are 60 marks available for each question in the paper 3. This question is worth 30 marks and students should spend 52.5 minutes on it. The question is based...
A topical issue to discuss with your classThe ECB keeps printing money as German inflation soarsTransferring taxpayer cash from Germany to southern Europe under the EU Recovery Fund is controversial and could prove politically toxic. The European Central Bank is heading for a major political showdown with the German people as inflation surges towards 4pc, calling into question the fundamental contract...
Lesson notesThis page contains direct links to paper three type questions. Unless otherwise stated these are in the style of the new syllabus, marked out of 30 and include a policy response question. MicroeconomicsPaper 3 question on market equilibrium (HL only)Paper 3 question: Demand and supply elasticity Paper 3 question on indirect taxation (HL only)Paper 3 questions: Donald Trump's tax regime...
Teacher notesThis section of the site provides you with the opportunity to set examination style questions for the new syllabus, starting August 2020. The following questions are all IB paper 2 in type and include a mark scheme. The mark scheme can be accessed directly from this page. Each of these questions are designed to be completed in around 85 minutes, making them ideal as a homework or class...
Examination papers (new syllabus)This page includes links to examination style questions written by myself and based on the IB model. Markschemes for the examination papers are included and cannot be accessed online, making them ideal as homework exercises or class exercises when schools are closed.Direct access to each component of this section can be accessed via the following links: Paper 1 style...
Teacher notesThis section of the site provides you with the opportunity to set examination style questions for the new syllabus, starting August 2020. The following questions are all IB paper 1 in type and include a mark scheme. The mark scheme can be accessed directly from this page. I have included the questions as an editable word document so that you can select the questions that you need to devise...
Teacher notesThis page contains 7 paper one style questions for the new syllabus. The questions were written by myself based on the information contained in the new curriculum document.Unit 1-2: Microeconomics1. (a) Explain how the burden of the tax paid by consumers and producers is determined by the price elasticity for a good or service? [10 marks](b) Using real world examples, evaluate the implications...
Lesson objectivesThis lesson will provide your classes with practise taking paper three type questions, which are in a short answer format.Paper 3 type on economic activityMaximum mark for this question is 30Zarundi is a small Pacific island nation whose income comes primarily from the export of rare metals used in mobile phones as well as tourism. They are reliant on imports for most of the goods...
12 June 2021
Transferring taxpayer cash from Germany to southern Europe under the EU Recovery Fund is controversial and could prove politically toxic. The... more
6 June 2021
An international agreement to discuss with a classtextOn Saturday 5 June the G7 leading industrial nations (US, the UK, France, Germany, Canada,... more
16 Jun Mark Johnson
Introductory activityPamela and Pushkar, I have added a new link so it works on all browsers, thank you for writing Pamela.
16 Jun Pamela Murphy
Introductory activityThe page opens on my browser. I am using Chrome. Perhaps try it again.
15 Jun Mark Johnson
Mark scheme Q6 MicroeconomicsMark I could not say if inferior goods are anglocentric or not? In terms of page 99 of Tragakes, her diagram is different because it shows the relationship between price and demand or three goods - inferior, normal (inelastic PED) and normal...
15 Jun Mark Brassington
Mark scheme Q6 MicroeconomicsHi Mark Am just wondering if inferior goods are largely an anglocentric notion as there is no specific mention in your specimen answer. Has the graph on p99 of Tragakes has been incorrectly drawn as Y axis has been labelled P when in my opinion...
15 Jun Mark Johnson
Paper 3 style questions (HL only)Mark there has been major changes to the P3 paper, making the old style P3 questions from the legacy specification redundant. I would start by using the ones from this page and then during the summer, we am going to add some P3 questions from...
15 Jun Mark Brassington
Paper 3 style questions (HL only)Hi Mark Has there been much change on paper 3? I was just wondering about the merits of using questions from the legacy specification. Thanks Mark
15 Jun Mark Johnson
Price controls − maximum priceSourav I have added them, take a look.
15 Jun Sourav Mondal
Price controls − maximum priceHello Mark , I guess the answers for Activity 2 is missing . Please have a look . TYIA.
15 Jun Pushkar Kumar
Introductory activityGDP of nation (a full list of GDP) page is not working
14 Jun Mark Johnson
Unit 2.12: The market’s inability to achieve equity (HL only)I am afraid not Sudha, there simply aren't enough activities to make it worthwhile doing one. Most of the inequality stuff, by the way, is in the macro section - 3.4, this is a brief introduction in terms of how it is derived from market failure.
14 Jun Sudha Rakesh
Unit 2.12: The market’s inability to achieve equity (HL only)Hi, Is there a pdf for this section?
7 Jun Alex Smith
Unit 2.1: Demand theoryHi Sandra, I'm assuming you are referring to the question on electric vehicles. The focus of the question is when a fall in the price of EVs leads to an increase in quantity demanded. This is explained through a shift in supply because it explains...