Friday, March 30, 2018

G11 Inflation Review

Class materials for Inflation chapter:
Philips Curve

G12 Monopolies

Presentation material used in the Monopoly class: Monopoly.
We have not finished with the material yet, tbc in the next class.

G12 Preparing for the Exam


Please find some review materials here.

Commentary on the mock exam Mock exam review notes here. This is a summary, and covers all three papers for both HL and SL. Use it in conjunction with your exam - read the notes that would be relevant to you. Remember - you can learn a lot from your mistakes!

Review material here:
IB in a Nutshell
IB Review Book

Specimen (sample) papers here (sample papers in the second part of the document):
Specimen Papers

Paper 3 practice (for HL):
Exam 3 Practice

Please find some time to study during the holidays. Read the Mock Exam Review Notes to identify the areas for improvement; chances are your strengths and weaknesses would be common for all three papers. Focus on conceptual issues (e.g. where you did not interpret the question or command term correctly, didn't label the chart) rather than technical errors.

And of course, relax and refresh to be ready for the final dash of your school year!

Juris Bariss

Wednesday, March 21, 2018

G12 Quiz questions and Presentation


Here is the quiz from today's class: Quiz and the presentation Long Run Profit Maximisation and Efficiency

For the next class, please start reading about the big bad monopolies, chapters 9.1 - 9.5.

See you on Tuesday!

Juris Bariss

Friday, March 16, 2018

G12 Long Run Profit Ctd


Presentation from today's class here: Long Run Profitability and Efficiency.

In the next class, we will finish covering Chapter 8 (remaining: Efficiency, chapter 8.6).

There will be a quiz at the end of the class, covering chapters 7 and 8, please review them over the weekend.

Juris Bariss

Wednesday, March 14, 2018

G12 Long Run Profit Maximisation

Here is the presentation from today's class (one more topic left at the end): Profit Maximisation in the Long Run.
For the next class, we'll cover some new material: Efficiency in PC (please read chapter 8.6) and review previous material (check out chapters 8.3 - 8.5). It is a fairly complicated stuff, let's make sure you are comfortable with it. And as importantly, you'd know what to answer when Mr. Rod asks "what is the difference between the short and long run". (wrong answer: 5km. What is the right answer?)

Tuesday, March 13, 2018

G11 Unemployment Quiz

Here: Unemployment Quiz Chapter 13
Let me know if you had questions/comments about it.

For the next class, please refresh chapter 14.1 and 14.2.

See you on Thursday.

Monday, March 12, 2018

G12 Presentation Profit Maximisation in Short Run


The presentation from today's class: Short Run Revenue and Profit Maximisation
For the next class, please read chapter 8.4 - the profit maximisation in the long run.

See you on Wednesday!

Thursday, March 8, 2018

G12 Presentation March 8 Revenue in Short Run

The presentation is here: Revenue in Short Run.

The next class - Profit in Short term, chapter 7.5. Yesss, finally - some profit!

See you on Monday!

Monday, March 5, 2018

G11 Presentation March 5 and 7


Please find the class presentation here: Unemployment updated

OECD unemployment data here OECD Unemployment Rates. Note out the youth unemployment data.

For the next class (March 7), please read chapters 14.1. and 14.2.
There will be a short quiz (book based) on chapter 13. Review your notes and the book chapter to prepare.
Good luck!

Sunday, March 4, 2018

G11 Test Questions and Preparations for the next class

For the Economist article (an example of possible questions):
Analyze the actions of the US government and the goals they are said to pursue
Discuss whether these actions will actually lead to reaching these goals
Examine the arguments of the two sides - the government and the author of the article
Draw the appropriate charts to illustrate your statements above
Prioritise completing questions (even if fewer), rather than opening many but not completing them.

For the news one-liner (side 2):
Draw the appropriate charts to illustrate the impact of the news line on AD/AS

For the next class: Monday, March 5, please familiarize yourself with chapter 13: Macroeconomic Goal Unemployment.

See you on Monday!

G12 presentation Long Run Costs of Production

An updated presentation from Friday, March 2:
Long Run Costs of Production
For the next class: Tuesday, March 6, please read chapters 7.4 and 7.5. It's getting interesting - enough costs, let's start making some profits!