International Baccalaureate Economics

This is the last presentation in Economic Development and recapitulates the various issues related to developing nations' economic development. What are market-led strategies? How do they differ from the Interventionist Strategies? In addition to providing a historical overview of the type of strategies used worldwide, a statement on the possible solutions for the 21-st Century is presented: one-size-fits-all or a tailored solution? You are welcome to  download  the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 

What is meant by the term aid? What types of aid are there and how does it affect developing nations' economic development? Discover under what circumstances aid is provided. What is the difference between humanitarian and development aid? What is the size of the Official and Unofficial Development Aid? Furthermore, what roles do the World Bank and the International Monetary Fund play? How does aid affect developing nations? Find out about a multitude of concerns related to aid. How do Non-Government Organizations (NGO) fit into the topic? Finally, embark on the topic of debt, the level of indebtedness and check out the various implications debt has for for economic growth and development. You are welcome to  download  the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 

What is meant by the term FDI? What types of FDI are there and what is its size? How does FDI contribute to economic growth and development? Discover the advantages & disadvantages of FDI. What is Corporate Social Responsibility?  You are welcome to  download  the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 

What is meant by the term international trade? What is the status quo in international trade of developing nations and how does it affect their economic development? Discover how over-specialization, commodities' price volatility and lack of access to international markets all limit developing nations' economic development. What are the long-term trends in the Terms of Trade (TOT) in the primary sector? Finally, check out the various trade strategies for economic growth and development, such as import substitution, export promotion, trade liberalization, economic integration and diversification. How does fair trade fit into International Trade? You are welcome to  download  the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 

What is meant by the term institution? What're the main domestic factors, which contribute to economic development? Discover how education, healthcare, infrastructure, political stability, taxation, as well as the legal and financial  systems enhance economic development. Gender equality and the use of appropriate technology are also closely-related to economic growth and development. You are welcome to  download  the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 

What is meant by the terms poverty trap and poverty cycle? What's the difference between relative and absolute poverty? How is the poverty cycle illustrated? Discover the ways to measure economic development. Fundamental financial, health and educational indicators are discussed along with Purchasing Power Parity (PPP) and the Big Mac Index. Finally, find out about the Human Development Index (HDI), as well as other composite indices, such as the GDI, GEM, HPI & GPI. You are welcome to download the presentation.  Check out our ongoing  challenges  or play Matt Botcheff's Stock Market  Game . 

What is meant by the term Economic Development? How has it evolved? Who are Amartiya Sen and Michael Todaro? What are the modern views of economic development?  Discover the sources of Economic growth and how they relate to Economic development. What's the relationship between growth and development? Finally, find out about the common characteristics and the differences between developing nations. You are welcome to download the presentation here .  Check out our ongoing challenges  or play Matt Botcheff's Stock Market Game . 

Following are the solutions to the Mock Exams in March 2019: Paper 1 HL Paper 1 HL (version 2) Paper 1 SL Paper 2 HL Paper 2 SL Paper 3 Paper 3 (version 2) Please check out the solutions to the Paper 2 Exam taken in December 2018.

Michael Douglas portraying Gordon Gecko in the movie “Wall Street” (1987)    Now, that you are about to finish the two-year high-school International Baccalaureate (IB) Economics class, and are packing your bags getting ready for college, might possibly be the best time to embark on a new adventure…  In class, time and again, we have mentioned the stock market as a major factor in Economics, as well as a useful investment tool in advanced economies. Statistically, as much as a third of personal wealth is invested there, and therefore, whether one knows much about it or not, it still affects people’s lives and world economies. So, why not take the stock market challenge and apply some (if not all!) of the Economics concepts we had studied all along? While this is just a game, and no money is invested, no actual stocks are traded, and no real gains or losses are booked, please keep in mind that the stock market is a market where fortunes are made or lost, where risk ...

Now, that we've covered demand, supply and market equilibrium, this challenge should be a walk in the park for you... https://kahoot.it/challenge/087512 087512 Good luck to all of you! 

What is market failure? Types of market failure, the existence of externalities and a thorough discussion of positive and negative externalities along with diagrams and examples have been provided in this extensive presentation. Should the government intervene? Is allocative efficiency achieved? Is there deadweight loss? Those are just some of the questions that would come to mind when dealing with market failure...  Download the Presentation:   Market Failure Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

Improving vs. deteriorating Terms of Trade (TOT). Causes of changes in TOT in the short-run and in the long-run. Elasticity of Exports and the effect on TOT and BOP. Discover what caused the drop in commodity prices over the past 50 years when you download the presentation on TOT...  Download the Presentation:   Terms of Trade Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

Trading with the rest of the world? Credits vs. debits? What's the difference between the Current Account, the Capital Account and the Financial Account? What happens when there is a Current Account deficit and a surplus? How should such Current Account imbalances be corrected? Find out about the Marshall-Lerner condition and the J-curve effect when you download the presentation on BOP...  Download the Presentation:   Balance of Payments Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

At the center of International Economics, the topic of Exchange Rates will let you discover how currency rates are set, what drives demand for different currencies, and what the advantages and disadvantages of strong vs. weak, as well as fixed vs. floating exchange rates are. Comparative Advantage and the tradeoff between Inflation and Unemployment are closely linked to this topic as well. Finally, the connection between the Business Cycle and International Economics will be reinforced through the new insights you gain from this presentation. Download the Presentation:  Exchange Rates   As an added benefit, after reviewing this topic you will be able to answer the question: Are crypto currencies real money? Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

What's the difference among PTA, FTA, CU, CM, MU and complete economic integration? Trade conversion or trade diversion? Trading blocs vs. WTO... Download the Presentation:   Economic Integration Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

To trade or not to trade?  Free trade vs. protectionism? Tariffs, subsidies, quotas, VER's, embargoes and red-tape are all examples of protectionism, and though economically inefficient, are utilized to this day.  Download the Presentation:   Free Trade and Protectionism Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

Solutions to our October 2018 exam can be found here ... :)

Find out more about the reasons nations engage in international trade. What's the WTO? What's the difference between Absolute Advantage and Comparative Advantage? Download the Presentation: W hy Do Countries Trade? Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

You’ve recently learned that AI is about to take over every job by 2071. Your first reaction was pure disbelief. Then, you went into denial: “ Machines would never teach, heal, translate, drive, cook, design, analyze, think, feel, etc.”. A few days passed and you heard that Uber was testing autonomous vehicles…. s-u-c-c-e-s-s-f-u-l-l-y. A month later, you found out Siri handled basic questions… w-e-l-l. Soon after, the news kept pouring - " AI can translate"… "hotels and banks use robots in lieu of staff"… "a major corporation replaces middle management with… robots (employees reported no difference in attitude!)". So, now you figure may be some of those projections might turn out to be true after all. True or not, you’ve decided to get ready for 2071. You’ve been paying close attention to your Economics teacher, Mr. Matt Botcheff, and so, by now you are well aware that through the stock market you could profit from predicting the future. So, now yo...

In our fourth presentation from our Economics class, we embark on the topic of Demand.  What is demand? What's the Law of Demand? There is also a demand schedule and a diagram along with an example. What are the determinants of demand?  What's the difference between an increase in the quantity demanded and an increase in demand?  Those are just some of the questions, you'd be able to answer after this lesson. Download the Presentation: Demand Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course

In the third presentation from our Economics class, we go over the format and requirements of Paper 1 IB exams. While the  examination  instructions supply the specific questions to answer along with brief instructions regarding the allotted time and what is permitted during the assessment, there are few other guidelines as to what is expected of the student.  In this lesson, IB Economics pupils learn about what is called for on Paper 1 tests. Not only do we explain the possible topics to be familiar with, but we also look in-depth into the components, the time to spend answering each section, and the relative weight of each response. So, in this presentation the focus is on test-taking strategy.  Excelling in IB Economics - even when familiar with the theory - necessitates being acquainted with the exams' requirements, timing oneself during the assessment, as well as executing a successful strategy in the completion of each examination component. Download the P...

This is the second presentation from our Economics class. It provides assessment advice regarding doing well in the class, as well as on the IB Exams in Economics. Some of the topics covered are how to prepare for the class, the IB exams and the Internal Assessment.  Paper 1, Paper 2 and Paper3 are different types of exams and students learn about their format and the respective requirements. Additionally, all pupils are expected to prepare an Economics commentary portfolio on three different Economics topics from three different sections of the textbook. The presentation outlines what should be included in those commentaries.  Doing well on the IB exams necessitates not only mastering the Economics theory, but also becoming familiar with the exams' requirements and developing a successful strategy in dealing with each and every one of the examination components. Download the Presentation: Assessment Advice Sign up for FREE IB Economics presentations Find out more ab...

This is the first presentation from our Economics class. It lays out the foundations of Economics, including some key terms, such as scarcity, opportunity cost and utility. The lesson also features a discussion on the factors of production, an illustration of the Production Possibilities Curve and a simplified model of the economy. Download the Presentation: The Foundations of Economics Sign up for FREE IB Economics presentations Find out more about current Economics issues related to our course