Unit 3.2: Variations in economic activity—aggregate demand and aggregate supply

Links to pages with lesson plans for unit 3.2: Aggregate 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 macroeconomics unit, unit 3.2: Aggregate demand and supply.  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.

Unit 3.2: Aggregate demand and supply

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...

Aggregate demand and supply

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...

Components of aggregate demand

This section looks at the components of aggregate demand and how changes in one or more of the components - C, G, I or (X-M) will change the level of aggregate demand.What are the components of aggregate...

Paper 3 question on calculating national income (HL only)

Answer one question. Each question is worth [25 marks]. Write your answers in the boxes provided. The following table represents the 2019 data for a rapidly growing developing nation.Table 1

Equilibrium in macroeconomics (neo-classical perspective)

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:

Equilibrium in macroeconomics (keynesian perspective)

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....

John Maynard Keynes

This lesson contains information on Keynes, the man himself. I believe that this is a good time in the syllabus to provide a biography of the man's work but similarly there may also be teachers who prefer...

The economics of the Covid-19 virus

This page focuses on the economics of the Covid-19 virus and the potential economic fall out from the pandemic. At the time of writing, at the end of March, Europe and the USA are the epicentre of the...

Keynesian v free market debate

This page contains a historical account of the most recent financial crisis to hit the USA and the measures employed to rescue their ailing economy. There are two significant questions to take out of...

Multiplier (HL only)

This lesson focuses on the multiplier - one of the most important components of understanding keynesian economic theory.What is the multiplier in economics and how is it calculated?Lesson time: 1 hour

Changes in the long run aggregate supply

This lesson connects a shift in the production possibility frontier (PPF) which your classes will have learnt at the beginning of the course with a shift in the productive capacity of the economy - long...

Unit 3.2: Aggregate demand and supply review sheet

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.Available as a PDF file at:...

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