And miles to go before I sleep.....And miles to go before I sleep.
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    • Section 1: Intro
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      • 2.1 Markets
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      • 2.6: PeS
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      • 3.1 macro activity
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      • 4.1 trade - why?
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      • 4.4 integration
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      • 4.6 bop
      • 4.7 sustainability
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      • 4.10 strategies
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      • 2.5: Elasticity (PeD + YeD)
      • 2.6: PeS
      • 2.7: intervention
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      • 2.9: market failure 2
      • 2.10 Market Failure (HL)
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      • 4.1 development
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Syllabus 2.6 Elasticity

Home
1.2  Big Questions
IBQ samples
1.2 Mayu - Syllabus Notes
1.2 Mayu - Syllabus Notes (pdf)
Rating: 8/10. Welker gives a step by step mathematical explanation of a PED calculation.
122 PeD
123 - 4 Elasticities
124 -  8 Elasticity Questions
127 - PeD Valentine Cards- Data Response
1201 - 4 Elasticities 4 Evaluations
Syllabus 2.6
Elasticity
You Tube - 1.2
121 PeD Worksheet
1200 - Quiz: 1.2
1.2 - 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.     XED

9.     YED

10.  Primary commodities

HL ONLY

11.  arc elasticity of demand (not in syllabus)

12.  flat rate tax

13.  incidence of a tax (impact of elasticity)

120 Big Ideas 1.2
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.
Rating: 8/10. This is a good clip from Foodie explaining the key idea behind PED i.e. total revenue.
Economics through music? Not for everybody but good for some!
Powerpoint Versions
120 Summary (1.2)
122 - Ped
123 - 4 Elasticities
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