Unit 2.11: Market power (HL only)

Unit 2.11: Market power 

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. 

Typically each lesson plan includes resources to use on an interactive whiteboard and worksheets to print. The pages have full student access to give maximum flexibility to the teacher and the student. There are theoretical notes for extended reading and teacher notes at the top that provide timing information lesson objectives and activity instructions.

Links to pages with lesson plans for unit 2.11 (HL only)

Direct links to the unit pages can be accessed at:

Assessment map

This page provides a map of the various assessments included in the unit, including short answers responses, essays and areas for discussion. I have included a section A and section B blank essay template...

Production (HL only)

This page begins unit 2.12 and focuses on the relationship between output, time and variable inputs into a business. This includes the concept of diminishing returns. A simple exercise to start off...

Revenue theory (HL only)

This lesson focuses on more definitions of costs and revenue and contains a number of paper three type questions. Learning by doing is an effective way for your students to learn the primary concepts.

Costs of production (HL only)

This page begins the section of the course on revenues and costs of a business. I find that I am very often surprised by the confusion that the word cost means to many IB economics students, with so...

Economic profit (HL only)

This lesson looks at the different types of economic profit − normal (zero profit), abnormal (economic profit) and loss (negative economic profit). Implicit costs (that make up economic profit) are...

Crossword: Unit 2.11

Let your classes enjoy this revision crossword, perfect for a Friday afternoon or the last week of term. Students can have fun and learn at the same time with this exercise - answers included.

Revision exercise on cost and revenue (HL only)

This page contains a simple revision exercise for your classes to test how many of the definitions they can remember. I have included two printable handouts, the teacher's copy with the correct responses...

Unit 2.11: Costs, revenue and profit review sheet (HL only)

I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get a degree of comfort from these short summary handouts.Review sheet available as...

Market structures (HL only)

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the sub-unit of 2.12: Market structures. Previously this section would...

Perfect competition (HL only)

This is the beginning of the section on perfect competition. There are a number of paper one questions on this topic, some of which are included on this site. This lesson looks at the conditions of...

Monopoly (HL only)

This lesson focuses on monopoly structures and specifically the way that a monopoly is able to take advantage of barriers to entry to establish their position as the only firm within the industry. It...

Monopolistic competition (HL only)

This lesson focuses on monopolistic competition. Your classes may have been unable to provide an example of a pure perfectly competitive market but will be able to provide several examples of industries...

Oligopoly (HL only)

This lesson focuses on the market structure of oligopoly and the characteristics that this market structure possesses. An effective way to teach this topic is to focus on a local business such as local...

Unit 2.11: Market structures review sheet (HL only)

I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get a degree of comfort from these short summary handouts.The review sheet is available...

Unit 2.11: Diagram revision

1. Complete the following diagrams:Perfectly competitive firm in the LRPerfectly competitive firm making a lossPerfectly competitive firm making abnormal profitMonopoly firm making a loss

Unit 2.11: Multiple choice quiz (HL only)

Available as a PDF file at: Theory of the firm

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