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Category Archives: 1. Microeconomics
Collective security, game theory and international relations
During the lesson you will need this document. I will be using the presentation below, which you can download the Keynote version here. Game theory and international relations slideshare from aseldis Below are two YouTube clips that may help you better understand … Continue reading
John Nash, game theory and ignoring blondes
With grade 11 HL students we have just started to look at game theory and its impact on the behaviour of individuals and firms in oligopoly. I started off by showing you the clip below from the film A Beautiful Mind, which shows John … Continue reading
Posted in 1. Microeconomics
Tagged Adam Seldis, DP Economics, Economics, IB Economics
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Eco 11B – APS away last period.
E11B – with apologies, I will need to be away for the final hour of our lesson today. What I want you to do is research public goods by answering these questions: What is a public good and how does … Continue reading
Posted in 1. Microeconomics, Grade 11
Tagged Adam Seldis, DP Economics, Economics, IB Economics
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Cap-and-trade – the other side of the argument
In the last few G11 lessons of HL/SL classes we have looked at common access resources and how the free-rider problem impacts their sustainable consumption. This can be explained by the Tragedy of Commons. We moved on to look at what governments … Continue reading
Posted in 1. Microeconomics, Economics
Tagged Adam Seldis, Cap 'n' trade, IB Economics, international, trade
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Price discrimination in action
In G11 economics we have started to have a look at price discrimination, when a firm charges different sets of customers different prices for the same good for reason other than cost. There are some classic examples which students should … Continue reading
Posted in 1. Microeconomics, Economics, Grade 11
Tagged Adam Seldis, DP Economics, Economics, IB Economics
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G11 SL students – Studyhall assignment
You now have the next three weeks off class as I focus on the HL students. During that time, I want you add posts to your school blog. I expect two blog posts per week – six in total. They … Continue reading
Posted in 1. Microeconomics, Economics
Tagged Adam Seldis, Economics, Economics DP, IB Economics
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G11: Costs and Revenues
Today the G11 students are going to start their journey through Theory of the Firm. Here is the costs and revenues worksheet you will need, and this is the tennis ball game data collection sheet. Please download both onto your … Continue reading
Posted in 1. Microeconomics, Economics, Grade 11
Tagged Adam Seldis, Economics, Economics DP, IB Economics
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G11 video tutorials
Well done to the G11′s on their video tutorials. Some good work done by many of the groups. As a reminder, the assignment instructions can be found here and the assessment rubric here. The videos have now been uploaded to … Continue reading
Posted in 1. Microeconomics, Economics, Grade 11
Tagged Adam Seldis, Economics, Economics DP, IB Economics
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Starter activity – prices of corn and wheat
I want you to read this article on corn prices. I then want you to draw two supply and demand diagrams, one for the market for US corn and the other for the market for Canadian wheat, showing the events … Continue reading
Posted in 1. Microeconomics, Economics, Grade 11
Tagged Adam Seldis, DP Economics, IB Economics
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Grade 11 essays – supply, demand and markets
The following short essays will be handed in on Wednesday 19th September. Each answer should be between 150 and 250 words, include at least one diagram (but no more than two) and start with a definition of the key term(s). … Continue reading
Posted in 1. Microeconomics, Economics, Grade 11
Tagged Adam Seldis, DP Economics, IB Economics
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