Output– Definitions of GDP
These mjmfoodie videos are very useful for understanding the concepts of GDP, real GDP (as opposed to nominal/money GDP) and growth.
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Introduction to Development
about 12 years ago - No comments
This post offers some resources to help learn about the key syllabus pints under section 3.2 of the 2005 IB Economics syllabus. Definitions of economic growth and economic development and Differences in the definitions of the two concepts This video excellent by Flame India includes points on limitations of using GDP to compare welfare (below)…
Developed and Developing Economies – Online Resources and Revision Materials
about 13 years ago - No comments
The full title of this section from the IGCSE syllabus is: ‘Developed and developing economies: trends in production, population and living standards’ Image: Some rights reserved by souravdas Here is what the syllabus requires of us: Candidates should be able to: • describe why some countries are classified as developed and others are not; •…
Recap – A collection of ‘Live’ Output and Cost Curves
about 13 years ago - No comments
This MS word document asks you to explore the concepts of different cost curves, and their relationships, further: [Source unknown]
Output or ‘Product’ in The Short Run
about 13 years ago - No comments
a) Find out the definition for the short run (in Economics it has a specific definition). Use google and the define: prefix. Image: Some rights reserved by °Florian b) A practical activity in the classroom. Rules: 1) A wall in the classroom – you can not move away from the wall, you must always stay…
Output or ‘Product’ in The Short Run
about 13 years ago - No comments
a) Find out the definition for the short run (in Economics it has a specific definition). Use google and the define: prefix. Image: Some rights reserved by °Florian b) A practical activity in the classroom. Rules: 1) A wall in the classroom – you can not move away from the wall, you must always stay…
Business Cycles
about 13 years ago - No comments
Great for a brief introduction to the concept of economic cycles:
Price Elasticity of Demand
about 13 years ago - No comments
Introductory Videos Video: Price Elasticity of Demand – part 1 by pajholden Video: Price Elasticity of Demand – part 1 by pajholden Interactive Tutorials Economics Interactive Tutorial by Samuel Baker (Univ of Carolina) Elasticity — A Quantitative Approach by Samuel Baker (Univ of Carolina) The Market System – Part 1…
A Song about Elasticity
about 13 years ago - No comments
Some people have a lot of time on their hands, but we should sometimes be grateful for that … this song summing up the different elasticities is worth a listen (you never know, it might even help you revise this particular topic …)
Cross Price Elasticity and Income Elasticity
about 13 years ago - No comments
1) Cross Price Elasticity of Demand A video from pajholden (click on the image below – this video can’t be embedded). Image: Some rights reserved by avlxyz 2) Income Elasticity of Demand A video from pajholden (click on the image below – this video can’t be embedded). Image: Some rights reserved by…
The Economic Health Of A Country
about 13 years ago - No comments
[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…
