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Welcome to Mr. Mahdavi's IB Diploma Economics!


 * The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.

- John Maynard Keynes ||

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SECTION 1:

 * 1) Intro to Economics (Section 1.0)
 * 2) Markets and Elasticities (Section 1.1- 1.3 - Supply, Demand & Equilibrium)
 * 3) Market Failure (Section 1.4)
 * 4) History of Economic Thought
 * 5) Theory of the Firm (Section 1.5)

SECTION 2:

 * 1) __Economic Activities/National Income Accounting__
 * 2) AS-AD
 * 3) Fiscal Policy
 * 4) The Monetary System and the Quantity Theory of Money
 * 5) Monetary Policy and the Keynesian Theory of Liquidity Preference
 * 6) The Phillips Curve
 * 7) Intro to the Internal Assessment

SECTION 3:

 * 1) International Economics (Section 3.1 - 3.4)

SECTION 4:

 * 1) Development Economics

Internal Assessment: Click Here

**__ASSESSMENT:__**

Year 2:

**__ First semester __** Section Test – 30% IA – 30% Subsection Test – 20% (This includes paper 3 for HL only) Project Assignment – 10% Hwk/Graph Diary/subtopic quizzes – 10% **__ Second semester __** Section Test – 15% Subsection Test - 20% (This includes paper 3 for HL only) Assignment – 20% IA – 15% Project – 15% HWK/ Graph Diary /subtopic quizzes- 15%

Year 1:

**__ First semester __** Section Test (1) – 20% Subsection Test – 30% (This includes paper 3 for HL only) Project Assignment - 30% Hwk/subtopic quizzes – 20% **__ Second semester __** Section Test – 20% Subsection Tests– 30% (This includes paper 3 for HL only) Project Assignments - 30% Hwk/subtopic quizzes – 20%

__ SOLUTIONS: __

 * Homework
 * Quiz
 * Test



Important IB Resources:

 * Click here to access important IB resources for your final exam revision
 * Past Papers - This is a good revision for quizes,tests and the final examination
 * [[file:Past Papers 1.zip]]
 * [[file:Past Paper 2.zip]]

REVIEW MATERIAL:

 * 1) Review for the IB Exam

Click here to go to the IB Exam review page.

**__Project Advance__**

 * [|Study Guides]: Click the link to obtain the study guides for each chapter.

**__Econ Podcasts__**

 * Click the link above to listen to podcasts on a range of econ topics.
 * Podcasts can be a really effective way for econ students to learn. You can listen to podcasts practically anytime. You can listen while you're exercising, on a plane trip or on the bus to school in the morning. Click the link above to listen to podcasts that you might find useful in trying to understand some of the ideas we study in economics. Hopefully, you'll find them interesting too!

**Econ Videos**

 * Click the link above to watch videos on a range of economics topics.