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Paper 3 style questions (HL only)31 May 2021

This 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. Paper 3 question... more

Paper 2 style examination questions30 December 2020

This 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... more

Examination papers (new syllabus)30 July 2020

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... more

Paper 1 style examination questions15 December 2020

This 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... more

Unit 1-2: Microeconomics13 April 2021

This 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.1. (a) Explain how the burden... more

Paper 3 question economic activity (HL only)22 September 2020

This lesson will provide your classes with practise taking paper three type questions, which are in a short answer format.Maximum mark for this question is 30Zarundi is a small Pacific island nation whose... more

Unit 3-4: Macroeconomics and the global economy13 April 2021

This page contains 8 paper one style questions for the new syllabus. The questions were written by myself based on the information contained in the new curriculum document. All questions are suitable... more

Market failure (HL and SL)29 April 2021

This data response paper on price controls can be completed as a homework or class work exercise and should be completed in around 105 minutes. The question and mark scheme is based on the IB approach... more

Unit 3.2: Variations in economic activity—aggregate demand and aggregate supplyfree27 March 2020

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the macroeconomics unit, unit 3.2: Aggregate demand and supply. Under... more

Paper 1: Extended response paper16 March 2020

This paper contributes 20% towards the final grade for HL students and 30% of the grade in SL. Candidates complete 1 question from a choice of 3, in an extended time of 1 hour and 15 minutes. Responses... more

Unit 3: Macroeconomics free11 December 2020

This is the link page to sub-pages, containing lesson plans and learning activities for the first unit of the IB economics course. Under the new syllabus there is now a specific section entitled 'introduction... more

Unit 3.5 and 3.6: Demand management - fiscal and monetary policyfree27 February 2020

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the macroeconomics unit, unit 3.4 and 3.5: Demand management - fiscal and... more

Unit 3.1: Measuring economic activity and illustrating its variations27 February 2020

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the first macroeconomics unit, unit 3.1: Measuring economic activity and... more

Paper one style examination questionsfree16 March 2020

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... more

Units 1-2: Microeconomicsfree27 February 2020

This section of the Inthinking website is devoted to materials that support the new curriculum - that is, the curriculum that will first be assessed in May 2022, as well as the existing one assessed for... more

Textbook5 April 2021

textThe aim of this book is to support students and teachers as they follow the new IB Economics course specification which starts in 2020 and has its first assessment examinations in 2022. more

Monetary policy 31 May 2021

This will look at monetary policy and how governments can employ monetary policy measures to influence the aggregate demand curve.How do central banks, through changes to interest rates, exchange rates... more

Unemploymentfree7 February 2021

This page looks at unemployment, specifically a definition of unemployment, how it is calculated and the social and economic costs of unemployment.How do we classify a person as unemployed and how is... more

Unit 3.3: Macroeconomic objectivesfree27 February 2020

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the macroeconomics unit, unit 3.3. Under the old syllabus this unit was... more

Paper 3 question on revenue and costs (HL only)6 June 2021

This page contains a paper three type question on cost. The questions are based on the style of questions from the new syllabus and contain short answer and quantitative responses plus a policy response... more

Inflation free9 January 2021

This lesson compares two different types of inflation and examines the tools available to a government, to help reduce inflationary pressures in the economy. There is also a short activity which considers... more

Calculating national incomefree23 February 2021

This lesson focuses on how national income is measured. Your classes will need to understand the fact that national income can be calculated in different ways but that the answer should be the same -... more

Fiscal policy 2 May 2021

This page considers the way that governments collect tax revenue as well as how they spend that revenue on a range current expenditures, capital expenditures and transfer payments.How do changes to government... more

Paper 3 question on government intervention (HL only)29 April 2021

This page contains a paper three type question on the impact of government intervention on a market. It was written using the new syllabus guidelines.Lesson time: 55 minutesLesson objectives: more

Unit 1.1: Introduction to Economics3 April 2021

This unit is an introduction to Economics. It starts by looking at the fundamental economic problem of scarcity and develops this by considering how scarcity leads to choice and opportunity cost. The... more

Introductory activityfree15 June 2021

This 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... more

Price controls (HL and SL)25 April 2021

This data response paper on price controls can be completed as a homework or class work exercise and should be completed in around 105 minutes. The question and mark scheme is based on the IB approach... more

Paper 3 question market structures (HL only)14 December 2020

This page contains two paper three type questions on microeconomics, both written according to the new syllabus. An answer sheet is included on the following page. Allow one hour, 45 minutes for this... more

Unit 1: Introduction to economicsfree27 February 2020

This is the link page to sub-pages, containing lesson plans and learning activities for the first unit of the IB economics course. Under the new syllabus there is now a specific section entitled 'introduction... more

Paper 3 question: Demand and supply elasticity5 June 2021

This page contains a paper three type question on demand and supply and the impact of indirect taxation of market equilibrium. A reminder that under the syllabus P3 questions are now graded out of thirty... more

Unit 1.1: Scarcity, choice and opportunity costfree24 April 2021

This page looks further at the question of what is economics and given that we do not live in a perfect world, we are forced to make choices in terms of how we spend our scarce financial resources as... more

Equilibrium in macroeconomics (neo-classical perspective)8 January 2021

Why using the monetarist / new classical model, is the long run aggregate supply curve (LRAS) vertical at the full employment output level.Lesson time: 70 minutesLesson objectives: more

Aggregate demand and supplyfree8 January 2021

This page introduces the concept of aggregate demand and aggregate supply and your students will need to understand that the AD of an economy is the sum of the collective individual demand curves. You... more

Paper 3 question on market equilibrium (HL only)14 May 2021

This page contains paper three type questions, written for the new syllabus. These are good practise for students taking the subject at higher level, but may also be good practise for standard level... more

Unit 2: Review sheets29 July 2020

Unit 2.1-2.4: Review terms Unit 2.5-2.6: Review termsUnit 2.8-2.10: Market failure review terms Unit 2.11: Costs, revenue and profit review sheet (HL only) Unit 2.11: Market structures review sheet... more

Market based and interventionist supply side policies 7 February 2021

So far you will have covered the impact of government intervention on aggregate demand levels and your classes should now have an understanding of some of the arguments for and against the use of government... more

Inequality1 June 2021

This lesson focuses on the level of income equality in the country. A good way to start this lesson off is with the simple question: 'has income inequality, within your country, got better or worse in... more

Economic growth, unemployment, market failure and exchange rates. (HL and SL)28 April 2021

This question and markscheme is based on the IB approach to setting paper 2 data response questions. The question is based on data and text that the students need to use to answer the different sub-questions.... more

Paper 3 question on calculating national income (HL only)30 July 2020

Answer one question. Each question is worth [30 marks]. Write your answers in the boxes provided. This paper is based on the new syllabus and contains a policy response question.The following table represents... more

Paper 3 question: Measuring national income, inflation, YED and positive externalities30 May 2021

This section includes a paper 3 style examination question and markscheme from the new syllabus. The question and markscheme are based on the IB approach to setting paper 3 style questions which have... more

Unit 1.2: Economics as a social science24 April 2021

This lesson is the beginning of the the IB economics course and addresses the beginning concepts of the course. It is important for your students to understand the difference between statements which... more

Unit 2.11: Market power (HL only)free31 January 2021

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the new microeconomics unit, 2.11: Market power. Under the old syllabus... more

Internal assessment free18 February 2021

The Internal assessment is an important component of the IB economics course and is compulsory for SL and HL students. The requirements for SL and HL students are the same. In completing the IA students... more

GDP / GNI as a measure of living standards29 April 2021

This lesson looks at the difference between GDP and GNI, which many economists believe is the more accurate measure of a nation's wealth. It also considers an even more accurate measurement of income,... more

Equilibrium in macroeconomics (keynesian perspective)8 January 2021

This lesson looks at the macroeconomic equilibrium from a keynesian perspective. Start this lesson off with a simple survey, do your IB students support a keynesian or neoclassical view of economics.... more

Multiple choice quizzesfree1 March 2020

The following page contains links to multiple choice quizzes that I have designed. These can be used as revision or class exercises.The following multiple choice revision quizzes from this site can be... more

Exams 28 February 2020

The IBO sells the recent IB papers and mark schemes at FollettEach exam and mark scheme costs £1.99 Pounds sterling. Therefore, buying all of the tests and mark schemes for the last four years can be... more

Unit 3.7: Supply side policiesfree27 February 2020

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the macroeconomics unit, unit 3.7. Under the old syllabus this unit was... more

Grading practise (new criteria)free4 January 2020

This section of the site contains four practise portfolios that you can grade before checking your score with the one awarded by the IB examining team. Two of the portfolios were taken from the economics... more

Demand side policies (HL and SL)free2 June 2021

This data response paper on demand side policies can be completed as a homework or class work exercise and should be completed in around 105 minutes. The question and mark scheme is based on the IB approach... more