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Syllabus                        2.5  Elasticity

BIG Ideas
99
Big Ideas
426
Quizlet 426
IBQ
IBQ samples
Mayu - Syllabus Notes
Mayu - Syllabus Notes (pdf)
VID 7: MRU on Price Elasticity of Demand
VID 6: Tutor2U on PED
VID 5: Economics Fun on PED
VID 4: Calculating a % change
251 Formula + PeD (46-50)
252 - 3 Elasticities Explained (46-55)
253 - 3 Elasticities 3 Evaluations (50,53,54+55)
254 -  Sample Elasticity Questions
255 - PeD Valentine Cards- Data Response
You Tube - elasticity
Syllabus 2.5
Elasticity
256 PeD Worksheet
257 - Quiz: 1.2
VID 8: Tutor2U on YED
2.5. - Elasticity

1.     complementary goods (see also 1.1)

2.     elastic

3.     inelastic

4.     PED

5.     PES

6.     substitute goods (see also 1.1)

7.     unit elasticity

8.     YED

9.  Primary commodities

HL ONLY

10.  arc elasticity of demand (not in syllabus)

11.  flat rate tax

12.  incidence of a tax (impact of elasticity)

2.5 Big Ideas
VID 1: Rating: 7/10. This is a good clip from Economics Fun highlighting that elasticity influences firms and the price changes that they make i.e. firms are influenced by total revenue considerations.
VID 2: Rating: 8/10. This is a good clip from Foodie explaining the key idea behind PED i.e. total revenue.
VID 3: Economics through music? Not for everybody but good for some!
HL Only: HP 3 Practice
2.5 HP 3 Questions
2.5 Answers
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