G11 - Week 9 - Day 2

In-class work

1. News presentations
2. Questions
1. The Effects of a Per Unit Subsidy
2. HL Only - Calculating the Effects of a Subsidy using Linear Equations.
3. Exercises 19-23
4. HL Only - Exercises 24-34
5. Feedly

At-home work

1. Determining the Effects of Price Ceilings and Price Floors

2. Calculating the Effects of Price Controls using Linear Equations

G12 - Week 9 - Day 2

In-class work

1. Find news article for international trade commentary and begin first draft
1. Sample Macro IB Economics IA
2. Sample Micro IB Economics IA
3. How to Structure an Economics IA
4. Evaluation in Economics
5. Internal Assessment Coversheet
6. Internal Assessment Portfolio Coversheet
2. We will share the first drafts next class for peer feedback

At-home work

1. Finish first draft of trade commentary

G11 - Week 9 - Day 1

In-class work

1. Ch. 5 vocabulary and diagram quiz
2. News presentations
3. Questions

1. The Effects of an Excise Tax - Inelastic Demand

2. The Effects of an Excise Tax - Elastic Demand
3. HL Only - Calculating the Effects of a Specific, Indirect Tax
4. Exercises 3-7
5. Exercises 8-18
6. Feedly

At-home work

1. The Effects of a Per Unit Subsidy
2. HL Only - Calculating the Effects of a Subsidy using Linear Equations.

G12 - Week 9 - Day 1

In-class

1. International trade exam

G11 - Week 9 - Day 2

In-class work

1. Public Goods as a Market Failure - part 1
2. Public Goods as a Market Failure - part 2

Upcoming

1. Ch. 5-6 assessment on Thursday, October 20th
2. Make sure to be reading news sources and collecting real-life examples of market failures 

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From the blogosphere

1. Reasons Not to Stress about College Admission
2. How the other tenth lives - so important to know the progress that’s been made

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Currently Reading

Other People's Money: The Real Business of Finance

The newer hedge funds were, in fact, little more than trading funds with high fees: typically 2 per cent of assets as annual management fee plus 20 per cent of profit. Some sought-after funds charged more. Taken as a whole, although some particular hedge funds have been very successful, the hedge fund industry has been very profitable for hedge fund managers, but not for their investors. (Kindle Locations 1875-1878)

Many of these funds have a million dollar minimum to invest with them. With 100-200 clients, that totals 100-200 million dollars in assets. A two percent annual management fee translates into two to four million dollars a year before taking the 20 percent of profits, which might be anywhere between 5-20%, depending on the firm. A five percent return on 100 million dollars is five million dollars in profit, which the manager then takes 20 percent of, or an extra one million dollars. Between the two percent and 20 percent fees, that could mean a manager is making three million dollars on a normal year without much effort.

G11 - Week 9 - Day 1

In-class work

1. Exercises 1-3, page 133
2. Positive Externalities of Production as a Market Failure
3. Positive Externalities of Consumption as a Market Failure

Upcoming

1. Ch. 5-6 assessment on Thursday, October 20th
2. Make sure to be reading news sources and collecting real-life examples of market failures 

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From the blogosphere

1. More Migration Thoughts
2. A Trump Presidency Will Kill Thousands, Possibly Millions

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Currently Reading

Other People's Money: The Real Business of Finance

In most Western economies today, the assets and liabilities of banks exceed the assets and liabilities of the government and the aggregate annual income of everyone in the country. But these assets and liabilities are mainly obligations from and to other financial institutions. Lending to firms and individuals engaged in the production of goods and services— which most people would imagine was the principal business of a bank— amounts to less than 10 per cent of that total. In Britain, with a particularly active financial sector, that figure is less than 3 per cent. (Kindle Locations 181-185)