G11 - Week 4 - Day 1

In-class work

1. Questions?
2. Assessment Peer Marking
3. Market Equilibrium, Disequilibrium and Allocative Efficiency
1. Exercise 1 & 5-8 (p. 58 & 66)
4. Consumer Surplus and Producer Surplus
1. Exercises 9-13 (p. 70)
5. A Supply and Demand Paradox - the Chevy Volt versus the Chevy Cruze
6. Finding Equilibrium using Linear Demand and Supply Equations (HL Only)
7. Consumer Surplus and Producer Surplus in the Linear Demand and Supply Model (HL Only)
1. Exercises 2-4 (p. 64)

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1. Who Is the Most Impressive Leader in the World Right Now?
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Currently Reading

Creating a Learning Society

"It has long been recognized that most standard of living increases are associated with advances in technology, not the accumulation of capital. Yet it has also become clear that what truly separates developed from less developed countries is not just a gap in resources or output but a gap in knowledge. In fact, the pace at which developing countries grow is largely determined by the pace at which they close that gap.

Therefore, how countries learn and become more productive is key to understanding how they grow and develop, especially over the long term."