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  • IB Business HL
    • Opening week
    • 5.7 Crisis mgmt VW, TSLA, TM
    • IBBM HL IA
    • Financial
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    • Finals Prep Semester 1
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    • Production
    • April 20 - May 1, 2020
    • May 4 - May 15, 2020
    • May 18 - May 29, 2020
    • June 1 - June 12, 2020
  • IB Economics SL
    • Micro
      • Ch #01 Foundations of economics
      • Ch #02 Demand and supply
      • Ch #03 Makt equilibrium & efficiency
      • Ch #04 Elasticities
      • Ch #05 Gov't Intervention
      • Ch #06 Market failure
    • Macro
      • Ch #11 Measuring national economic performance
      • Ch #12 Aggregate demand and supply
      • Ch #13 Macro Obj: Low unemployment
      • Ch #14 Macro Obj: Low inflation
      • Ch #15 Macro Obj: Economic growth
      • Ch #16 Equity in income distribution
      • Ch #17 Fiscal Policy
      • Ch #18 Monetary policy
      • Ch #19 Supply side policies
    • International
      • Ch #20 International trade
      • Ch #21 Protectionism
      • Ch #22 Exchange rates
      • Ch #23 Balance of payments
      • Ch #24 Economic integration
    • Development
      • Ch #26 Economic development
      • Ch #27 Domestic and international factors
      • Ch #28 Foreign investment, aid, trade & debt
      • Ch #29 The balance between markets and intervention
    • IB Economics SL IA
  • Sales and Marketing
    • September
      • Wk #01 Introduction
      • Wk #02 Ch 01 Marketing is all around us
      • Wk #03 Ch 02 The marketing plan
      • Wk #04 Ch 2/DECA paper
    • October
      • Wk #05 Ch 03 Political and economic analysis / DECA paper section II
      • Wk #06 Ch 04 Global analysis
      • Wk #07 DECA paper section III
      • Wk #08 Ch 05 The free enterprise system / DECA paper section IV
      • Wk #09 Ch 06 Legal and ethical issues / DECA paper section IV
    • November
      • Wk #10 DECA paper Section IV
      • Wk #11 DECA paper Section V
      • Wk #12 Ch 12 Selling overview / DECA paper Section V
      • Wk #13 Ch 13 Beginning the sales process / DECA paper Executive summary
    • December
      • Wk #14 Ch 14 Presenting the product / DECA paper 1st draft
      • Wk #15 Ch 15 Closing the sale / DECA Area test
      • Wk #16 DECA paper final
    • January
      • Wk #17 DECA paper finalize / Area competition
      • Wk #18 Final review
      • Wk #19 Finals
      • Wk #20 DECA presentation
    • February
      • Wk #21 DECA presentation
      • Wk #22 DECA presentation
      • Wk #23 Sales presentation
      • Wk #24 DECA State preparation
    • March
    • April
    • April 20 - May 1, 2020
    • May 4 - May 8, 2020
    • May 11 - May 15, 2020
    • May 18 - May 22, 2020
    • May 26 - June 16, 2020
  • DECA
    • Samples
    • Business Plan Resources
    • Operations Research Resources
  • Contact
  • Ch #05 Gov't Intervention test
  • Home
  • IB Business HL
    • Opening week
    • 5.7 Crisis mgmt VW, TSLA, TM
    • IBBM HL IA
    • Financial
    • DECA Event Prep
    • Finals Prep Semester 1
    • IB Exam prep
    • DECA State prep
    • Production
    • April 20 - May 1, 2020
    • May 4 - May 15, 2020
    • May 18 - May 29, 2020
    • June 1 - June 12, 2020
  • IB Economics SL
    • Micro
      • Ch #01 Foundations of economics
      • Ch #02 Demand and supply
      • Ch #03 Makt equilibrium & efficiency
      • Ch #04 Elasticities
      • Ch #05 Gov't Intervention
      • Ch #06 Market failure
    • Macro
      • Ch #11 Measuring national economic performance
      • Ch #12 Aggregate demand and supply
      • Ch #13 Macro Obj: Low unemployment
      • Ch #14 Macro Obj: Low inflation
      • Ch #15 Macro Obj: Economic growth
      • Ch #16 Equity in income distribution
      • Ch #17 Fiscal Policy
      • Ch #18 Monetary policy
      • Ch #19 Supply side policies
    • International
      • Ch #20 International trade
      • Ch #21 Protectionism
      • Ch #22 Exchange rates
      • Ch #23 Balance of payments
      • Ch #24 Economic integration
    • Development
      • Ch #26 Economic development
      • Ch #27 Domestic and international factors
      • Ch #28 Foreign investment, aid, trade & debt
      • Ch #29 The balance between markets and intervention
    • IB Economics SL IA
  • Sales and Marketing
    • September
      • Wk #01 Introduction
      • Wk #02 Ch 01 Marketing is all around us
      • Wk #03 Ch 02 The marketing plan
      • Wk #04 Ch 2/DECA paper
    • October
      • Wk #05 Ch 03 Political and economic analysis / DECA paper section II
      • Wk #06 Ch 04 Global analysis
      • Wk #07 DECA paper section III
      • Wk #08 Ch 05 The free enterprise system / DECA paper section IV
      • Wk #09 Ch 06 Legal and ethical issues / DECA paper section IV
    • November
      • Wk #10 DECA paper Section IV
      • Wk #11 DECA paper Section V
      • Wk #12 Ch 12 Selling overview / DECA paper Section V
      • Wk #13 Ch 13 Beginning the sales process / DECA paper Executive summary
    • December
      • Wk #14 Ch 14 Presenting the product / DECA paper 1st draft
      • Wk #15 Ch 15 Closing the sale / DECA Area test
      • Wk #16 DECA paper final
    • January
      • Wk #17 DECA paper finalize / Area competition
      • Wk #18 Final review
      • Wk #19 Finals
      • Wk #20 DECA presentation
    • February
      • Wk #21 DECA presentation
      • Wk #22 DECA presentation
      • Wk #23 Sales presentation
      • Wk #24 DECA State preparation
    • March
    • April
    • April 20 - May 1, 2020
    • May 4 - May 8, 2020
    • May 11 - May 15, 2020
    • May 18 - May 22, 2020
    • May 26 - June 16, 2020
  • DECA
    • Samples
    • Business Plan Resources
    • Operations Research Resources
  • Contact
  • Ch #05 Gov't Intervention test
"Fill the plane 2020!"

IB Economics SL

Ch. #01 Foundations of economics

Wednesday, September 4, 2019 – Friday, September 13, 2019

09/04 Wednesday (All periods)
In class:
  • Show Principle of Economics (animated)
  • Signed form by parent and student confirming receipt and understanding of syllabus due by next Monday - I'll hand this out tomorrow.
  • Seating chart begins Thursday
  • Show bjsherman.com site and provide password
  • ​Assign Who Am I and My Word presentations Friday
  • Review syllabus, course overview and chapter index
  • Video: Today’s Student  

Homework:
  • Chapter 1
    • Recommend one or more of the following based on your personal learning style, reading the chapter, viewing the PPT and/or watching video lectures.

09/05 Thursday
In Class:
  • MOSG
  • Complete Wednesday housekeeping activities
  • Record seating chart
  • Chapter 1 quiz next Friday

Homework:
  • Choice

09/06 Friday
In class:
  • My word and Who Am I presentations
    ​
Homework:
  • How would a vegan shift save water?

09/09 Monday
In class:
  • Collect signed syllabus statement
  • Provide student accounts for e-text (link on right)
  • Click here for the login and password list by student
  • PPC pre-quiz
  • PPC PPT​​ (HL slide 31-40)
    • After slide #22 ​Allocative efficiency 
      • Think/pair/share: What is the difference between socially efficient and socially optimal distribution of resources? Provide a specific explanation with examples and a PPC diagram to describe your point.
  • Think/pair/share: What concepts and institutions are missing from the circular flow diagram in the PPT (slide 44)
Homework:
  • Choice
09/10 Tuesday (Period 5)
In class:​
  • Split the class to describe DECA to the new students 30m
  • Research NYT Shortages section for an article to read and prepare a brief presentation to the class applying economics concepts from the chapter. Provide a specific explanation with examples and any relevant diagrams to describe your point.
  • Rulers and protractors - Activity 1.3
  • PPC practice activity​​
Homework:
  • Choice
09/11 Wednesday (Period 4)
In class:
  • See Tuesday
Homework:
  • Choice
09/12 Thursday
In Class:
  • Guiding question: How does IB evaluate AO2 questions?
  • Introduce DEED and CLASPP (10m)
  • Individually, read Moderated example #1 and score on mark scheme (10m)
    • Compare with neighbor and discuss differences
  • Moderated example #2 (not using)
  • Free write: Explain the fundamental economic problem. (20-30m)
    • ​Type your answer and email to shermanb@issaquah.wednet.edu using the following:
      • ​Subject: Last name, First name Period (e.g. Sherman, BJ 4)
      • Bold all content terms in your write up
      • DO NOT attach any files or links for me to open, paste your answer directly into the email
      • Copy and paste any graphs into your answer (we must hand draw all graphs for IB)
Homework:
  • Revise in-class free write to be turned in on Friday, hard copy, with hand drawn graph(s) (20 points)
09/13 Friday
In class:
  • Turn in revised free write
  • Assessment (~30 points - MC & T/F)
Homework:
  • ​Read Ch. 2
Key learning
Graphic organizer​
Learning objectives answers
Vocabulary
Diagrams

Chapter resources

​Textbooks:

Jason Welker (interactive)
Alternative textbook

Video lectures:
Jason Welker (our textbook)
AC/DC
Khan
Crashcourse

PPT lectures:
Jason Welker (our textbook)

Economic writing:
How to structure your essays
Command terms
Glossary

​Diagramming:
Key diagrams
​How to read and interpret graphs
Comprehensive list

Course resources
​​Course overview
Syllabus (Skyline)

IB course guide (official IB syllabus)
LO's by page #

Chapter index
IBO Sub reports
OSPI framework
Module review guides:
  Micro
  Macro
  International
  Development
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  • Home
  • IB Business HL
    • Opening week
    • 5.7 Crisis mgmt VW, TSLA, TM
    • IBBM HL IA
    • Financial
    • DECA Event Prep
    • Finals Prep Semester 1
    • IB Exam prep
    • DECA State prep
    • Production
    • April 20 - May 1, 2020
    • May 4 - May 15, 2020
    • May 18 - May 29, 2020
    • June 1 - June 12, 2020
  • IB Economics SL
    • Micro
      • Ch #01 Foundations of economics
      • Ch #02 Demand and supply
      • Ch #03 Makt equilibrium & efficiency
      • Ch #04 Elasticities
      • Ch #05 Gov't Intervention
      • Ch #06 Market failure
    • Macro
      • Ch #11 Measuring national economic performance
      • Ch #12 Aggregate demand and supply
      • Ch #13 Macro Obj: Low unemployment
      • Ch #14 Macro Obj: Low inflation
      • Ch #15 Macro Obj: Economic growth
      • Ch #16 Equity in income distribution
      • Ch #17 Fiscal Policy
      • Ch #18 Monetary policy
      • Ch #19 Supply side policies
    • International
      • Ch #20 International trade
      • Ch #21 Protectionism
      • Ch #22 Exchange rates
      • Ch #23 Balance of payments
      • Ch #24 Economic integration
    • Development
      • Ch #26 Economic development
      • Ch #27 Domestic and international factors
      • Ch #28 Foreign investment, aid, trade & debt
      • Ch #29 The balance between markets and intervention
    • IB Economics SL IA
  • Sales and Marketing
    • September
      • Wk #01 Introduction
      • Wk #02 Ch 01 Marketing is all around us
      • Wk #03 Ch 02 The marketing plan
      • Wk #04 Ch 2/DECA paper
    • October
      • Wk #05 Ch 03 Political and economic analysis / DECA paper section II
      • Wk #06 Ch 04 Global analysis
      • Wk #07 DECA paper section III
      • Wk #08 Ch 05 The free enterprise system / DECA paper section IV
      • Wk #09 Ch 06 Legal and ethical issues / DECA paper section IV
    • November
      • Wk #10 DECA paper Section IV
      • Wk #11 DECA paper Section V
      • Wk #12 Ch 12 Selling overview / DECA paper Section V
      • Wk #13 Ch 13 Beginning the sales process / DECA paper Executive summary
    • December
      • Wk #14 Ch 14 Presenting the product / DECA paper 1st draft
      • Wk #15 Ch 15 Closing the sale / DECA Area test
      • Wk #16 DECA paper final
    • January
      • Wk #17 DECA paper finalize / Area competition
      • Wk #18 Final review
      • Wk #19 Finals
      • Wk #20 DECA presentation
    • February
      • Wk #21 DECA presentation
      • Wk #22 DECA presentation
      • Wk #23 Sales presentation
      • Wk #24 DECA State preparation
    • March
    • April
    • April 20 - May 1, 2020
    • May 4 - May 8, 2020
    • May 11 - May 15, 2020
    • May 18 - May 22, 2020
    • May 26 - June 16, 2020
  • DECA
    • Samples
    • Business Plan Resources
    • Operations Research Resources
  • Contact
  • Ch #05 Gov't Intervention test