Exams & Solutions

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

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Matt Botcheff’s Stock Market Challenge

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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 ...
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AI INVASION

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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...
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