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See Directions. The presentation will take place in class the day of your final. If you will not be here, you need to make arrangements with Mr. Hall beforehand. Below is a link to the complete IB Economics Glossary for your convenience. Economics Glossary Click Here
Attached is a PDF of the work we are going over at the beginning of class. First: see PDF Second: Complete more trade practice and show Mr. Hall so he can check you off. Click here.
When talking about International Economics, we could be talking about the impact on the macro level, how something affects AD-AS or on the micro level, how something affects a single market. If we are talking about a single market, say for avocados, it’s a supply and demand diagram. Read the article and define the following and be able to identify the concepts on a supply and demand diagram for avocados: Consumer Surplus Producer Surplus Total Surplus Allocative Efficiency Allocative Inefficiency Deadweight Loss Article: Click Here Afterwards, complete the following and show me to get checked off the list for a grade. You need to make a 21 out of 21. Also, read the explanations each time you answer the question.
Today you should be working on Question 2 on the International Trade site. Click Here.
The handout for Balance of Payments is printed out on the table up front. If you would like to begin Question 3, you are more than welcome to do so. The handout for Exchange Rates is also up front. Click here to go to the International Trade website. Read the introduction and watch the video. Afterwards, complete question 1. Click Here.
Warmup:
AD = GDP AD= GDP = C+I+G+(X-M)
Work Session: Get out your article/the summary, etc. regarding your article.
Homework:
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