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Tag Archives: international
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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Candlemakers’ petition
In class we have began to look at the arguments for and against protectionism – where countries use tariffs, subsidies, quotas or other methods to limit imports and protect domestic producers. Despite the best efforts of the WTO, protectionism is … Continue reading
Posted in 3. International Economics, Economics, Grade 12
Tagged Adam Seldis, Bastiat, Economics, IB Economics, international, protectionism, WTO
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Still not exactly cheap
Tokyo has lost its place as the world’s most expensive city in which to live as an expat, at least according to the Economist Intelligence Unit. That honour now goes to Zurich, mostly thanks to a very strong Swiss Franc … Continue reading
Posted in 3. International Economics, Economics
Tagged Adam Seldis, currency, exchange rates, IB Economics, international, Japan, PPP, Tokyo
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Big Mac index
Have you every wondered why the exact same goods are seemingly far more expensive in one country than another? If so, you’ve started to grapple with the concept of purchasing power-parity (PPP), which suggests that in the long run the … Continue reading
Posted in 3. International Economics, Economics
Tagged Adam Seldis, Big Mac, IB Economics, Index, international, PPP
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G12 Economics – Terms of Trade
This is the video clip I want you to watch to start off the section. Following on from the clip I want you to use your McGees as well as other internet resources to research and take notes on the … Continue reading
Posted in 3. International Economics, Economics
Tagged Adam Seldis, IB Economics, international, Terms of trade, ToT
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The world at your peak
In 2050 you will be in your late 50′s. Unless you’ve become a professional sportsperson, most of you will be about to hit your earnings peak. When you do, just remember your kindly Economics/History teacher as he tries to pay … Continue reading
Posted in 2. Macroeconomics, 3. International Economics, Economics
Tagged Adam Seldis, GDP, IB Economics, international, Macroeconomics
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2011 economic freedom rankings
This table ranks all the economies in the world based on their economic freedom. Perhaps no surprises to see Hong Kong at the top and North Korea at the bottom. Japan finds itself in 20th. The ranking has been compiled … Continue reading
Posted in Economics
Tagged Adam Seldis, development, freedom, IB Economics, international, politics, Rankings
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Japan back up to second?
Japan produced figures this morning (article) to suggest its economy had expanded enough to regain its long held place as the world’s second largest economy. I’m not sure what all the fuss is about; fifth place is where it’s at!
Posted in 3. International Economics, Economics
Tagged Adam Seldis, GDP, IB Economics, international, Japan, Macroeconomics
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