Units 1-2: Microeconomics

Links to pages with lesson plans for unit 2

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 the last time in 2021.

Microeconomics

This unit should take up a significant part of the academic year, 23 weeks in total.  It is largely unchanged from the previous syllabus, though this unit is now numbers 1 and 2, rather than unit one under the old syllabus.  There is also a separate section introducing the subject.  Giffen goods and price discrimination have been removed but I have included pages for those units for those teachers still teaching microeconomics under the existing syllabus.  Units 1+2 contains the following units:

Unit 1: Introduction to economics

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...

Unit 2.1-2.3: Competitive markets - demand and supply

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the first 3 microeconomics units, competitive markets. Under the previous...

Unit 2.4: Consumer and producer behaviour

Under the previous curriculum this page would have been included in the section on consumer utility and can also be used as the basis for a TOK exercise. Under the new syllabus this section has been...

Unit 2.5-2.6: Elasticity

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the microeconomics unit,2.5-2.6: Elasticity. You will notice that under...

Unit 2.7: The role of government in microeconomics

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the microeconomics unit, 2.7: The role of government in microeconomics....

Unit 2.8-2.11: Market failure

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the microeconomics unit,2.8: Market failure. Under the old syllabus this...

Unit 2.12: Market power (HL only)

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, 2.12: Market power. Under the old syllabus...

Unit 2.13: The market’s inability to achieve equity (HL only)

Is the market able to achieve equity?Is capitalism moral?Lesson time: 70 minutes Lesson objectives:Understand whether a free market economy may result in an unequal distribution of income, wealth and opportunity.

Unit 2: Review sheets

Unit 2.1-2.4: Review terms Unit 2.5-2.6: Review terms Unit 2.8-2.11: Market failure review terms Unit 2.12: Costs, revenue and profit review sheet (HL only) Unit 2.12: Market structures review sheet...

If as you work through the site you think of something that is missing that you would like to see added, please always feel free to email me at markiejohns30@gmail.com - and I will try to get something on the site as soon as possible.   

Selected Pages

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Unit 2.11: Market power (HL only) 19 July 2021

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans...
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Unit 2.11: Market structures review sheet (HL only) 19 July 2021

I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get...
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Game theory (HL only) 19 July 2021

This lesson focuses on game theory, which many of your students will know from the film 'a beautiful mind' starring Russell...
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Costs of production (HL only) 16 July 2021

This page begins the section of the course on revenues and costs of a business. I find that I am very often surprised by...
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Unit 2.8-2.10: Market failure 16 July 2021

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans...
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Unit 2.7: The role of government in microeconomics 16 July 2021

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans...
more

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