And miles to go before I sleep.....And miles to go before I sleep.
IB economics@YELLOWSUBMARINER
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    • 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
    • Section 3: Macro >
      • 13 Indices
      • 3.1 macro activity
      • 3.2 AD + AS
    • 600 Dictionary List
    • Assessment >
      • Internal Assessment
      • Process Folio + Grading
      • Extended Essays
  • Big Ideas
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  • Bus + Econ
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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!

Unit 2 
Firm + Consumer = Markets 

Home
Big Questions
Unit 2:  Markets
203 Demand Function
202  Supply Function
104 Consumer  Producer Surplus
105  Consumer + Producer Surplus

106 Supply Worksheet
107 Demand Worksheet
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
122  Elasticity
110 - Big Ideas 1.1
You Tube for  1.1
Demand: Mjm Foodie
Supply: Law of supply
Demand: Law of Demand
Market Equilibrium:
Demand: Non Price Determinants
PAJ: The Price Mechanism
Welker: Calculating Demand for HP 3
Elasticity
Adam Smith- 'invisible hand'.
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) 

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