And miles to go before I sleep.....And miles to go before I sleep.
IB economics@yELLOWSUBMARINER
  • Home
    • Why Study Economics?
  • CO 2023
    • HOME - Class of 2023
    • Submariner Resources (23)
    • Section 1: Intro
    • Section 2: Micro >
      • 2.1 Markets
      • 2.2 Supply
      • 2.3 Supply + Demand
      • 2.4 (HL) Behaviour: consumer+firm
      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
      • 2.8 Market Failure
      • 2.9: market failure 2
      • 2.10 Market Failure (HL)
      • 2.11: theory of firm
      • 2.12: equity
    • Section 3: Macro >
      • 3.1 macro activity
      • 3.2 AD + AS
      • 3.3 macro objectives
      • 3.4 Inequality + Poverty
      • 3.5 monetary policy
      • 3.6 fiscal policy
      • 3.7 supply side
      • 13 Indices
    • Section 4: Global Economy >
      • 4.1 trade - why?
      • 4.2 trade protection 1
      • 4.3 trade protection 2
      • 4.4 integration
      • 4.5 exchange rates
      • 4.6 bop
      • 4.7 sustainability
      • 4.8 Measurement
      • 4.9 Barriers
      • 4.10 strategies
      • 13 Indices
    • 600 Dictionary List
    • Assessment >
      • Internal Assessment
      • Process Folio + Grading
      • Extended Essays
  • CO 2024
    • HOME - Class of 2024
    • Submariner Resources (24)
    • Section 1: Intro
    • Section 2: Micro >
      • 2.1 Demand
      • 2.2 Supply
      • 2.3 Supply + Demand
      • 2.4 (HL) Behaviour: consumer+firm
      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
      • 2.8 Market Failure
      • 2.9: Failure - Public Goods
      • 2.10 Failure Asymetric (HL)
    • 600 Dictionary List
    • Assessment >
      • Process Folio + Grading
      • Internal Assessment
      • Extended Essays
  • Big Ideas
  • Study Skills
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    • General
  • Bus + Econ
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    • Submariner Resources
    • Work @ Class
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    • News Logs
    • Research: What's the News today?
    • Dictionary / Glossary
    • Process Folio + Grading
    • Unit 1: Introduction
    • Units 2: MICRO Business Firm + Mixed Market >
      • 2.1 Demand
      • 2.2 Supply
      • 2.3 Supply + Demand
    • Unit 3: Macroeconomics >
      • Macro Project
      • 3.1 GDP
      • 3.2 Inflation
      • 3.3 Unemployment + HDI
      • 3.4 Taxation + Inequality
      • 3.5 Indices
      • 3.3 HDI + Happy Planet Index
      • 3.5 AD + AS
    • Unit 4: Development + Trade
    • unit 5: Stockmarket
  • Example Bank - Newspapers
  • Example Bank - Video
  • HP 3 Bank
  • Revision - 8
    • Revision - 8 strategies
    • Dictionary-Lists
    • 23 Essential Diagrams
    • Big Ideas
    • Last minute Micro.com
    • Last minute Macro.com
    • Last minute Trade.com
    • Last minute Development.com
  • 'How to' in economics?
  • Survey
  • Conclusion: The End or maybe...the Start!

Syllabus Unit 2: Microeconomics  Markets

Home
1.1 Big Questions
IBQ samples
1.1 Mayu - Syllabus Notes
1.1 Mayu - Syllabus Notes (pdf)
Unit 2: Microeconomics
102  Supply Function
103 Demand Function
104 Consumer  Producer Surplus
105  Consumer + Producer Surplus
106 Supply Worksheet
107 Demand Worksheet
108   Allocation (Fish in Duesseldorf)
109   Market (price mechanism) Advantages
111   Market (price mechanism) Disadvantages I
112  Market (price mechanism) Disadvantages II
113 - S + D worksheet
114 - Data Response
115 Supply + Demand Worksheet
116 Crossword Microeconomics
118 Signal + Incentive
119 Best Answer sample
Online Activities:
Demand Quiz
1.1 - Competitive Markets

1.     Market

2.     Price mechanism

3.     price (signal and incentive function)

4.     consumer demand

5.     market demand

6.     firm supply

7.     market supply

8.     clearing price/equilibrium

9.     demand function

10.  law of demand

11.  supply function

12.  law of supply

13.  ceteris paribus

14.  movement in demand

15.  movement in supply

16.  price control

17.  productive efficiency

18.  shift in demand

19.  shift in supply

20.  subsidy

21.  normal goods

22.  inferior goods

23.  substitute goods

24.  complementary goods

25.  producer surplus

26.  consumer surplus

27.  community/social surplus

28.  Allocative efficiency (marginal benefit = marginal cost)

Phrases from syllabus:

1.     Price (signal and incentive function) 

110 - Big Ideas 1.1
You Tube for  1.1
Demand: Mjm Foodie
Demand Shift: Mjm Foodie
Supply: Mjm Foodie
Welker: Shift + Movement in Demand
Welker: b and d variables in Demand + Supply Equations
Welker: Law of Demand
Welker: Supply Shift + Movement
 Equilibrium: MjM Foodie
Welker: Supply Linear Equations
Circular Flow: Tutor2You
PAJ: The Price Mechanism
Welker: Calculating Demand for HP 3
Adam Smith- 'invisible hand'.
105- word version
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