Category Archives: Economics

G11 EOY exams

Congratulations to G11 on their economics EOY exam. As you move into grade 12 and prepare for the real deal next summer, I hope you found it a useful learning experience. Because of the large number of different combinations of … Continue reading

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Introduction to the internal assessments

Well done to G11 on completing the end of year exams. For the remaining few weeks of the school year we are going to focus on the economics internal assessment. We will go over the following steps: Introduction to the … Continue reading

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HL Phillips curve essay questions due Thursday 9th / Friday 10th

(a) Using the concept of the natural rate of unemployment, explain the relationship between the long-run aggregate supply curve and the long-run Phillips curve. [10 marks] (b) Compare and contrast the policy implications of the short-run and long-run Phillips curves regarding … Continue reading

Posted in 2. Macroeconomics, Grade 11 | Leave a comment

G12 revision material

Only one week to go! Here are some materials that may help you. The development one in particular I think is good, especially in addition to your text book. Good luck!

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Unemployment article

This is the link for today’s lesson.

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Masters of Economics

Many thanks to Mr Lorimer for letting me know about this BBC series that came out last year looking at the three great economists of the twentieth century: Keynes, Hayek and Marx. It’s a very accessible series for students and well worth … Continue reading

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Keynesian macroeconomics

G11 have just been introduced to the difference between classical and Keynesian views on macroeconomic growth. This video does a good job in explaining that difference, looking at it from a slightly different angle to the one we’ve taken in … Continue reading

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Sticky wages?

As we start to look at for the first time with G11 and revise with G12 the difference between the Monetarist and Keynesian views on LRAS, in particular the existence of ‘sticky wages’, here is an interesting article from the … Continue reading

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G12 mocks

Well done G12 on your mocks. Some very good results there. The mark scheme for the exam can be found here. Remember the answers that the IB suggest are merely that – a suggestion. There are often numerous ways to … Continue reading

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“Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

An Economics rap – not two words you expect in the same sentence.

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