And miles to go before I sleep.....And miles to go before I sleep.
IB economics@yELLOWSUBMARINER
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    • 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)
      • 2.11: theory of firm
      • 2.12: equity
    • 600 Dictionary List
    • Assessment >
      • Internal Assessment
      • Process Folio + Grading
      • Extended Essays
  • Big Ideas
  • Study Skills
    • Economics
    • General
  • Bus + Econ
    • Homepage
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    • Submariner Resources
    • Work @ Class
    • Work @ Home
    • 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 + Growth
      • 3.2 Inflation
      • 3.3 Unemployment + HDI
      • 3.4 Taxation + Inequality + Poverty
      • 3.5 Indices
      • 3.3 HDI + Happy Planet Index
      • 3.5 AD + AS
      • 3.6 sustainability
    • 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 2.6 Elasticity

260 Big Ideas 2.6
2.6  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.
252 - 3 Elasticities
253 - 3 Elasticities 3 Evaluations
124 -  8 Elasticity Questions
Syllabus 2.6: PES
You Tube - 1.2
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 Elasticity
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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