G11 - Week 4 - Day 2

In-class work

1. News presentations
2. Video questions?
1. Linear Demand Equations - part 1
2. Linear Demand Equations - part 2

3. Linear Demand Equations - part 3

4. Linear Demand Equations - part 4

5. Exercises 11-16 (HL Only)
3. Exercises 1-10, 17-21
4. Practice questions

At-home work

1. Ch. 2 quiz next class (learning outcomes)
2. HL Only!
1. Linear Supply Equations - part 1
   
2. Linear Supply Equations - part 2

G12 - Week 4 - Day 2

In-class

1. News presentation 
2. Questions from the videos?

1. The Net Export Effect of Monetary Policy

2. Calculating Prices in different Currencies using Exchange Rates (HL Only)
3. Calculating Exchange Rates from Linear Equations - part 1 (HL Only)

4. Calculating Exchange Rates from Linear Equations - part 2 

    

   (HL Only)
3. Exercises 1-10 for everyone
4. Exercises 11-16 for HL only
5. Practice question 1 or 2

At-home

1. Ch. 6 quiz

2. Balance of Payments - the Current Account

3. Balance of Payments - the Financial (Capital) Account

G11 - Week 4 - Day 1

In-class work

1. Ch. 2 Quiz
2. News presentations - Ahmed
3. Video questions?
1. The Determinants of Demand
2. The Law of Supply and the Determinants of Supply
4. Exercises 1-10, 17-21

At-home work

1. Why does Supply slope upwards? (The law of increasing opportunity cost and supply)
2. HL Only!
1. Linear Demand Equations - part 1
2. Linear Demand Equations - part 2

3. Linear Demand Equations - part 3

4. Linear Demand Equations - part 4

5. Exercises 11-16 (HL Only)

G12 - Week 4 - Day 1

In-class

1. Chapter 5 quiz
1. Mark
2. News presentation - Luis 
3. Questions from the videos?
1. Managed Exchange Rate Systems Part 1
2. Managed Exchange Rates Systems part 2
4. Exercises 1-7

At-home

1. The Net Export Effect of Monetary Policy

2. Calculating Prices in different Currencies using Exchange Rates (HL Only)
3. Calculating Exchange Rates from Linear Equations - part 1 (HL Only)

4. Calculating Exchange Rates from Linear Equations - part 2 

   (HL Only)

G11 - Week 4 - Day 2

In-class work

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

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From the blogosphere

1. Why are movie stars paid more than firefighters?
2. Why Uber Is an Economist's Dream

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Currently Reading

Creating a Learning Society

"We can now see the essential trade-off. If the government can induce a small shift in consumption [today] from [agriculture to manufacturing], then there will be a small decrease in welfare [today], but [the future's] production possibility curve will shift out, by an amount reflecting the increase in growth (enhanced learning) resulting from the increased industrial production, generating an [overall] improvement in welfare. Hence, welfare is unambiguously improved. It always pays for government to encourage the learning sector." (Kindle Locations 5545-5550)

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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From the blogosphere

1. Who Is the Most Impressive Leader in the World Right Now?
2. Happy Birthday to Me: I'm Giving Someone $3,500

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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."