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Visit this site and explore different possibilities on a supply/demand graph with varying levels of tax applied. Try answering the questions at the bottom. (Note – the graph also refers to Efficiency Loss which is not actually required on the IGCSE syllabus, but is necessary to IB Economics). McConnell Brue Economics – Online Learning Centre [...]

[License:  Some rights reserved by juhansonin] As we begin to explore macroeconomics, it is worth thinking about some of the key things that we will be looking at and how they apply to a real life country. Economists agree that there are four main macroeconomic goals which most governments consider when managing their economy (and [...]

> @worldmapper: BBC trying to bring disasters into everyone's perspective with a disaster map mashup: http://howbigreally.com/ # Powered by Twitter Tools

Managed to install Windows 7 on my 5 year old Sony VAIO and it now works like a dream after some graphics card struggles #Computers # Watched the TED Talk by Blaise Aguera y Arcas on Augmented Reality for the first time earlier- amazing stuff http://bit.ly/bsN3YI #Geography # Powered by Twitter Tools

  [Source: http://commons.wikimedia.org/wiki/File:WikiAbb1_1.JPG] These can sometimes be referred to as Production Possibility Curves (PPCs), to reflect their shape. Frontier is a better word to use … you will need to think about what it is that the term frontier implies. This session assumes you have a basic knowledge of PPFs already and points you to [...]

In this section we consider the following concepts as outlined in the IB Economics Syllabus [© International Baccalaureate Organization, 2003] : Scarcity • factors of production: land, labour, capital and management/entrepreneurship • payments to factors of production: rent, wages, interest, profit (we cover this later on in the course) Choice • utility: basic definition • [...]

Money can help us place a value on things, but the underlying value of things can be explained by the concept of utility. This podcast explains: Econs for the iPod – Utility We are now beginning to consider some of the fundamental assumptions which are central to the ‘science’ of Economics. We should already understand [...]

Compiling a table of useful web 2.0 sites to enhance learning with #Computers # Powered by Twitter Tools

IB #economics resources up and running again from the top with Intro To Eco. Blog posts will be filed here http://ibeconomics.opengecko.com/ # Powered by Twitter Tools

The syllabus requires that you able to do the following: describe the types of taxation (direct, indirect, progressive, regressive, proportional) and the impact of taxation; Direct versus Indirect Compare these two definitions: http://en.wikipedia.org/wiki/Direct_tax http://en.wikipedia.org/wiki/Indirect_tax Can you explain the difference between direct and indirect tax with example taxes? Progressive, Regressive, and Proportional Tax ONE Massachusetts demonstrates [...]