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This week’s activity is for students (and teachers if they like) to create a Wordle Quiz for the LadyA case study. This works rather like a crossword, but is easier, quicker and more visually pleasing to create.
Free market economists are major critics of government intervention in markets. Only if it is fundamentally necessary should governments step in ( if there are substantial third party costs and if the free market is failing to allocate public goods are good examples) and even then, the use of effluent charges is best. Not many students are able to understand why the imposition of an indirect tax is market distorting and why specifically a deadweight welfare loss occurs as a result of the imposition of the indirect tax. This video explains exactly that, comparing free market equilibrium to the new tax equilibrium isolating all surplus, cost and benefits involved, finishing with overall welfare. The conclusion will be that an indirect tax will lead to net loss of social and economic welfare for society thus the key question for governments before making the decision to intervene is to question whether the benefits of intervention in the form of government revenue and potentially solving a prior misallocation of resources outweigh the costs of a loss of welfare. Higher level thinking for your top students and useful for IB essays. Enjoy!
Within the IB course, Higher Level Economics students are required to consider the impact of an indirect tax on key stakeholders in the market. Whilst the basic analysis of price, quantity, government tax revenue and consumer/producer burdens is fairly simple, the additions of producer revenue implications and society welfare considerations are often lacking. Attending an IB Economics conference last Summer opened my eyes to how students who go 'the extra mile' like this will be rewarded and can access the higher marks. I found this so rewarding and pleasing - a diagram geek like me could release the shackles and dissect diagrams into their key components. Here is the first video in a series, looking at an indirect tax and the impacts on key stakeholders in the market.
Here's a WOW! version of the True or False game for the LadyA case study. The game is developed by tutor2u's very own Jon Clark, so thank you to Jon for making this fully editable game for us to use.
Read on to get the download of the True or False game.read more...»
How well have your students got to the know the LadyA case study for the May and Nov 2015 exams? Get them to take this True or False Quiz to find out...
This week’s activity is to get students to produce a time line of the events in the case study.
This activity reinforces the ‘story’ of LadyA to students, helping them to be more familiar with the key events in the case study.
How well do your students know this year’s case study??? Take this A-Z Quiz to find out.
This year’s case study is based on the (fictitious) superstar LadyA.
Over the next six weeks, I'll be adding new activities that you can use to get students familiar with the case study. This week's activity is to get students to learn the key terms in the case study. There are around 80 key terms in this year’s case study...
Nothing beats a lesson when your students are engaged in learning from the first minute to the last. From the moment they enter the classroom, capture their attention with a "bellwork" activity. Then, add some focus with a "thinking skills" resource that explores student understanding or recall. Next, use some questioning techniques that expand and deepen their learning. Finish with a flourish of interactive, collaborative learning. Intrigued?read more...»
A rare opportunity has arisen for a qualified part-time teacher to work in the Business Education Department at Sha Tin College, in Hong Kong, from January 2015.
We are looking to appoint a qualified teacher of Business and Economics to teach to IGCSE and IB Diploma level on a part-time basis, with the possibility of full-time from August 2015.
Visit the College website for more information: http://www.shatincollege.edu.hk/working-us
The deadline for submission of applications is Friday 28th November.read more...»
If you are like me and have struggled with getting hold of some good material for teaching of the new Higher Level Paper 3, you may find the attached useful. This is available for download on the OCC website. Although it is at times a bit more than what students are likely to need in the actual exam, I like the way it goes through the various key stages of different models and shows where quantification questions may be asked. It is structured in a similar sense to the spec itself, micro macro and international. Development is not assessed within the new HL P3 and so is not included in this booklet.
You may also wish to have a good old hunt on the internet. If you search 'IB higher level paper 3' or 'quantification questions for economics' and so on, you may be truly amazed at some of the good material is out there.
There is a catch....most of these resources I have stumbled (and I do mean that) usually are lacking the accompanying teacher guides - so you will have to do most of the calculations yourself before giving to your students for assessment. Never a bad thing in my eyes....putting ourselves in the role of the student.
For the 6th successive year, Level7 Education will be running their annual student revision workshops in Hong Kong, to help students prepare for the May 2014 IB Business & Management examinations…
Read on if interested in further details...read more...»
This is one of my favourite Economics websites. It has a host of brilliant resources, up to date and current - but more importantly, detailed, clinical and very exam focused. This video below and notes that accompany are brilliant revision for your IB2 students about to go on examination leave. I have been using many revision aids such as this to help them revise and complete past paper questions. This is particularly good as it can stretch your brightest HL Economist and well as solidify learning for your less able SL students. Enjoy.read more...»
Hodder Education has published a new IB Economics Revision Guide, in time for the May 2014 examinations.
Read on for further details...
To introduce leadership with my IB class last week, my colleague Joseph, reminded me of an excellent clip that I just had to use… and of course share here on Tutor2U. I am sure many of you have seen this before but "First Follower: Leadership Lessons from Dancing Guy" provides a wonderful stimulant for discussion as a starter activity to Leadership and Management. The narration is excellent and whilst watching, the class were required to jot down their thinking in terms of the characteristics of leadership portrayed from the video. Then followed a lively discussion that led into the differences between leadership and management and formal and informal leadership. Enjoy!
IBID Press will be launching the new 3rd Edn Business Management textbook, ready for first teaching in September 2014.
Read on for sample pages and pre-ordering details.read more...»
As part of our preparation for the IB Business and Management case study, The Imperial, I had my year 13s create Fakebook pages of the characters, using Class Tools’ Fakebook page developer. The students set about finding relevant images to represent the characters, adding personal details and even creating likely conversations between the characters' walls.read more...»
This week’s activity is for students (and teachers if they like) to create a Wordle Quiz of The Imperial. This works rather like a crossword, but is easier, quicker and more visually pleasing to create. An example, produced by one of our students, is attached for reference.
This week’s activity is for students (and teachers if they like) to create a MP3 recording of The Imperial. Students can then listen to their ‘favourite’ bedtime story at home and/or whilst travelling to/from school to consolidate their understanding of the case study.
This week’s activity is to get students to produce a personnel profile of everyone mentioned in the 2014 case study.
Paul Hoang and the team are almost there with their comprehensive pack of teaching & learning resources to support the 2014 IB B&M Paper Case Study on The Imperial.
Dozens of IB teaching colleagues have already pre-ordered the pack and we will send it to them as soon as it is complete.
In the meantime, you can download some sample pages from the Pack from this link
Don't forget to also follow the tutor2u IB Diploma account on Twitter for further support for the IB Business & Management course.
The recent BBC series on the Fragile Five and Linda Yueh’s blog on what we can expect in 2014 have each brought a sharp focus on how India may fare.read more...»
This week's activity is to get students to prepare their own time line of the events in the case study...
This year’s case study is based on the hotel industry in Mombasa, Kenya with a focus on the hypothetical business The Imperial.read more...»
This year’s case study is based on the hypothetical hotel The Imperial. Follow the tutor2u Business & Management blog for lesson ideas and activities to help your student prepare for the May and Nov 2014 exams.
A tutor2u Case Study Pack, written by Paul Hoang, Margaret Ducie and Urvashi Sharma, will be available in mid-January 2014.
The Case Study Pack can be pre-ordered now and will be sent to colleagues as soon as it is completed.
I have found this links a great starter for lessons on trade blocs with my SL and HL Economists. Enjoy.read more...»
I watched this documentary this week with my IB HL Economics students; it is prefect for where we are in the Development course so far. This hour long video highlights so many of the issues we have already covered in development, including institutional factors, corruption, income inequality, standards of living, absolute poverty, natural resources, gender inequality and many more. I hope you find it as useful we did.
An intriguing take here on relative real wages in a range of developed and developing economies - using that staple resource to help teach PPP: the price of Big Macs!read more...»
Let your students have a go at this A-Z Quiz on the Royal Danish Bearings case study...
By now, your students should really be getting to grips with the Royal Danish Bearings case study. Get them to watch this short video clip on YouTube to see how ball bearings are made...
Zondle is a great tool for revising in a fun and engaging way. My students have produced some fantastic quizzes based on the RBD case study...
This week's activity is called The Password Game and is a great, fun way to learn key terms from the Royal Danish Bearings case study. The PPTX is attached and you can add/edit key terms as you see fit...
IBID Press has recently launched a 282-page Workbook for the new IB Economics course, first exams May 2013.
For those interested, please read on...
By now, your students probably know the answers to the following questions:
Who was the visionary at RDB? Who empowered RDB's middle managers? Who adopted TQM, Kaizen and benchmarking at RDB? Who was a lifelong industrialist? Who worked at an investment bank in New York? Do the workers at RDB have job security? Are they proud to work for RDB?
If your students are struggling to answer these, then read on...
With the May exams looming, I have been revising some exam technique with my IB HL Economists this week. We have formulated a strategy after speaking to some other IB Economics teaching colleagues with a guide to attaining full marks in the final question of the new paper 2. I tend to use this guide with some practice questions, data response style. the Blink and Dorton textbook is excellent for this.read more...»
This week's activity is based on Ben10's excellent Give It A Go blog on using Wordle - a free word cloud website...
This week's class activity is to get students to create a time line of the events in the RDB case study. Can they work out when Valdemar Holstein and Anna Holstein were born?
A superb, comprehensive
teacher and student support pack for the IB Business & Management Case
Study on Royal Danish Bearings for exams in May & November 2013:
The Paper 1 Case Study Pack has been produced by Paul Hoang to help colleagues and students in their preparations for the May/November 2013 Paper 1 examination (Royal Danish Bearings).
The comprehensive RDB Case Study Pack resource comprises:
Something new that I've tried this year to get the students more involved in their learning of the pre-seen case study is to get them to create a classroom display. Not only can this help to improve the classroom environment, it also means RDB is always on the minds of the students when in the classroom!
Read on for details of some of the poster ideas for this case study...
Happy New Year!
Over the next few weeks, I will be posting class activities for students (and teachers) to help prepare for the May/Nov 2013 Paper 1 B&M exams based on this year's case study - Royal Danish Bearings.
Read on for the first week's activity
Read 50 questions on the case study here.
This article on ship breaking in Bangladesh raises quite a few interesting ethical issues involving various stakeholders and also the overall ethical objectives of businesses. Great to link with TOK as well. Click here for the article ......
Here is a nice link that you can use when discussing exchange rates, international trade and debt of the USA. A great resource to have on the screen behind as you teach a lesson on how debt builds. Could also be used as a compare and contrast when teaching development economics.
Our IB Diploma Teacher Newsletter provides email updates on tutor2u and other teaching resources of interest to colleagues delivering the IB Diploma. To add yourself as a recipient, please complete the form below and then respond to the confirmation email we send you.read more...»
How can we make good decisions in a complex world? Read this article to find out what happens when we think too muchread more...»
Another easy to digest clip I use as a starter/plenary for lesson when teaching International Economics. This clip shows, in an easy to understand way the advatnages of specialization according to absolute advantage and comparative advantage, and the resulting trade patterns. There is a little theory in there but if you supplement this with the Blink and Dorton Text, plus some other websites such as Phil Holden, your students should grasp this concept as quickly as mine.read more...»
The Luckiest Nut In The World
A classic for any Economics teacher. I use this clip when teaching International Economics for the new 2013 Spec for IB HL Econ. A fun way to help solidify understanding of trade liberalisation and protectionism.read more...»
Great news item for linking Society (or Culture) with Lady Gaga’s Born This Way Ball Concert, which has hit problems in Jakarta, Indonesia…
The IB specification for 2013 states:
Analyse data on relative income shares of given percentages of the population, including deciles and quintiles.
Draw a Lorenz curve and explain its significance.
Explain how the Gini coefficient is derived and interpreted.
This revision workbook will help students preparing for the upcoming IB Economics exams ensure they are clear about the key theory they need in preparation for their exam. Read on to find out how to download your own copy.read more...»
Here’s a great case study to teach total quality management, productivity improvements and its impact on job satisfaction of employees. Read the full case study here…....
With the exams just a few weeks away, here’s this week’s top exam tip to help with evaluation - the STOP principle…
A brilliant news article from the New York Times that will have direct relevance to students for the UWP Mission to Loyka case study…read more...»
Here’s the next exam tip - this one focuses on evaluation, the essential skill required to get a Level 7…read more...»
Here’s the second exam tip for the upcoming IB B&M exams about learning the quantitative methods…read more...»
As the final examination is fast approaching, keep an eye on tutor2u for tips on preparing for the upcoming exams. The first tip in the series is about planning your revision carefully…read more...»
How well do you know the UWP case study? Take this week’s comprehension quiz to find out…
Create a personnel profile for all known stakeholders in the UWP case study
This week’s activity requires students to dissect the case study and create a personnel profile of Kos Palouk, Michael Donovan, General Meiri, General Pierce, the governor of Beral, and the Olive Hats.
How many women appear in the Fortune 500 top billionaires in the world? And how many of these are from China? Which computer maker saw profits soar 54% whilst its American rival reported a 44% drop in profits? Take this month’s current affairs quiz to find out…
A new part of the spec for HL IB Econ. Here is an interesting article on Green GDP from Professor Stiglitz (he is a Nobel Laureate and professor of economics at Columbia University)read more...»
This video explains how to calculate Gross Domestic Product mathematically and goes through a numerical example. It also shows how to calculate the percentage change in GDP from year to year.read more...»
Research Task – Theory
This week’s activity follows on from last week’s research task on the context of peacekeeping and the UWP Mission to Loyka case study. This week’s activity requires students to research and present their findings (either as a poster, research presentation, blog etc.) about relevant theory related to the case study. This activity will allow students to write better quality answers by applying relevant B&M tools, concepts and theories of the UWP Mission to Loyka.read more...»
A great clip and subsequent article from the BBC on GDP.read more...»
An excellent 3 minutes clip to highlight the impact of change in government policy in Greece. This amazing footage of Greece shows riots as fire bombs, stones fly in Athens - a reaction of the people to a slash in public spending, reduction of minimum wages and benefit payments. This clip would be a great aid to those students who struggle to evaluate in any ‘effectiveness of policy’ question - Greece is a great Case Study for any IB pupil.read more...»
An excellent clip [15 mins] from the BBC with Stephanie Flanders Reporting on the Eurozone Crisis.read more...»
An interesting article from Channel 4. Thanks to Twitter and Bryn’s Economics Blog for this clip.read more...»
Research Task – Context
This week’s activity is for students (and teachers if they like) to gather background information about the case study (such as peacekeeping). This will allow students to write better quality answers that are in the context of the UWP Mission to Loyka.read more...»
A useful blog entry for teachers and students of Economics and Business & Managementread more...»
This week’s activity is for students (and teachers if they like) to create a podcast of the UWP Mission to Loyka case study.
Kung Hei Fat Choi! Happy Chinese New Year of the Dragon.
Which BRIC country finally joined the WTO? Which luxury carmaker enjoyed record-breaking sales - a record held since 1978 - despite the global recession? Take the January Quiz to find out…read more...»
Welcome back and Happy New Year!
I’ve uploaded three revision games based on the UWP case study on Zondle…
I have uploaded 50 questions on the Business & Management Paper 1 case study: UWP Mission to LOYKA. Read here
This excellent clip from Phil Holden summaries the 6 types of market failure. An excellent revision resource, great the day before an end of topic test.read more...»
With the focus of the IB Business and Management Paper 1 case study on non-profit organizations (NPOs), I found this interesting article, written by Laurence Lien, the Chairman of Lien Foundation, on the role of non-profit organizations. Although his writings relate to Singapore, there are a lot of linkages one can establish between the Government of a country and NPOs. As one reads through the article, there is an interesting mention made of a hospital scenario. I thought this article relates perfectly to the case study, especially with the United World Peace Mission (UWP) contemplating on constructing either a hospital or a university at Loyka. By comparing government programmes to the big stones in a container and NPO programmes to the small stones filling the remaining gaps, Laurence acknowledges that NPOs can be a rich source of innovation and experimentation and that the public sector should welcome and encourage the proliferation of new ideas from the NPOs. Read more here ………..
The new Paper 1 case study (for May 2012 and Nov 2012) was released at the beginning of the month. No doubt, teachers and students will be working hard on this to prepare for the final examinations. I’ll be posting weekly activities to get us all familiar with the United World Peace Mission to Loyka…
This month’s November current affairs quiz is packed with questions from the airline and motor industries, and plenty about the BRIC economies. And a Premier League football club has proved you can’t run a business at a loss, however much you think your star players are worth.
How many of the 46 questions can you answer? Take the November quiz to find out…read more...»
Neuro economist, Paul Zak demonstrates how the hormone oxytocin promotes a variety of virtuous behaviors in humans such as trust, empathy and generosity. After ten years of research, Paul Zak established that oxytocin is the “moral molecule”. Click here for Paul Zak’s TED TALK on Trust, morality – and oxytocin.
With the Chief Executive dismissed just under two months ago, Yahoo is all set to undergo a strategic review. The internet giant must decide whether to go alone or succumb to suitors. Bidders range from China’s Alibaba to AOL and Microsoft apart from a few others, although Yahoo turned down Microsoft’s offer of $47.5 billion just three years ago, a very costly mistake which has seen its share price fall from $33 to a mere $16 now. However Yahoo is initiating minor internal adjustments to its capital restructuring process to avoid a hostile takeover, in the process, irking a few stakeholders. Is this turnaround strategy enough for Yahoo to revive its market share from rivals Google, Apple and Facebook?
Read more here .....
This week saw two new budget airlines being launched in the burgeoning no-frills travel market. Both airlines have focused on their brand names to show that their airline is indeed different. Singapore Airlines announced SCOOT, a new long-haul budget carrier to compete against Air Asia and Jet Star. In the wake of the Qantas debacle, a new budget air line was unveiled yesterday in Brisbane. Sporting the iconic green and gold colors, AIR AUSTRALIA is the new brand name for Strategic Airlines, which has been around for almost 20 years. With a soaring Australian dollar and a high demand for travel in Asia, this week’s announcement is strategic given that the global economy is slowing and fuel costs are going through the roof.
Read more on Scoot and Air Australia
Starting this month, I’ll be posting a monthly current affairs quiz for B&M students and teachers. It’s common knowledge that IB examiners prefer (and in some cases require) answers that use real world examples. There are 30 questions in this month’s current affairs quiz…read more...»
One of many great lectures by Jason Welker. The lecture below introduces linear supply equations, a topic new to the IB Economics syllabus.read more...»
Watch Marcus Du Sautoy in this documentary where he embarks into a journey of ‘self awareness’. Marcus subjects himself to a series of experiments in his search for answers to the mysterious question: How do we know who we are? Does the unconscious mind preside over the conscious mind? Is a sense of ‘self’ a trick of the ‘mind’? Watch the entire documentary to know the answers. It’s a great way to introduce TOK and the Ways of Knowing of Reason, Emotion and Perception to students.
In this article, Thomas L. Friedman highlights how today’s hyperconnected world requires white-collar workers to compete with a bigger pool of cheap geniuses, some of whom are robots, microchips and soft-ware guided machines. Thanks to iphones, Facebook, Skype, amongst others. Just under a decade ago, the connected world was a challenge to blue-collar workers. Thanks to globalization, outsourcing and the internet. Thomas L Friedman points out that for us teachers, the challenge is to inspire our students to be the ’better’ and ‘best’ people in today’s hyperconnected world. Read the article here ...
This viedo is a brilliant resource from the Khan Academy. Particularly useful for the new HL Paper 3 Data Response Exam.read more...»
A brief heads up for a new series on BBC Radio 4 tomorrow- Stephanomics. BBC economics editor Stephanie Flanders takes her popular blog to radio form. In the first episode tomorrow at 3pm she discusses the current global financial crisis with a range of experts from the field. Should be worth a listen.
An excellent clip to introduce the concept of consumption with students. Retailers in towns and cities across Northern Ireland are feeling the financial squeeze as shoppers are spending less than before.read more...»
For the IB new HL P3 data response paper, there seems to be an inherent lack of teaching material out there. Here is something I have put together based on some of my teaching resources used with my L6th classes this week. Surprisingly, my students raced through this material in less than one lesson and have grasped this concept with ease.read more...»
Should scientists be emotionless? Should they present cold, hard facts with no emotion whatsoever? Is it possible to argue a scientific point by bringing in emotion? These questions are raised in this interesting Science Blog.
This article raises many interesting questions on how the petrol price rises consistently over weekends and public holidays in Australia. Is there a correlation between higher demand from cars on the roads and therefore higher prices for fuel (based on market forces) or is it an artificial increase by retailers based on guidelines from their Associations or is it fueled by supermarket discount dockets or some other factors? Read the article ........
This year’s Forbes Rich List of the wealthiest Americans has been published. There is no surprise who is top, but how many women feature in the top 10 and how many people in the top 10 are related to one another? Read on to find out…read more...»
A short but fascinating TED talk entitled ‘Selling Condoms in Congo’ looks at a key development issue, AIDS, from the marketing persepctive.read more...»
Here’s a great visual to add to your PowerPoint presentations, class notes or as a stimulus for a starter/plenary when teaching labour productivity.
So what really is the estimated opportunity cost of Angry Birds in the workplace? And just how much is Rovio estimated to be worth now?! Read on to find out…