Y12_DP_Economics

If you wish to read IB DP Economics Subject Guide, please approach me directly.

==**The following is a Week by Week guide to what we're doing in Y12 Economics.** Please read also the Year 12 DP [|Economics] Course Subject Guide for more details.==

** The most recent week will always be at the top of this page. **

 * 16th to 20th April 2012 **
 * Please approach me directly if you need to use the past exam papers.

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 * 26th to 30th March 2012 **
 * Please approach me directly if you need to use the past exam papers.


 * 19th to 23rd March 2012 **
 * Analysis of past paper questions.


 * 12th to 16th March 2012 (Project Week) **
 * Please approach me directly if you need to use the past exam papers.
 * Then find yourself a quiet place in the library so you can concentrate (without chatting with others) and do the exam papers (follow the instructions) according to the following time limits:
 * HL Paper 1: 1 hour
 * HL Paper 2: 1 hour
 * HL Paper 3: 2 hours
 * SL Paper 1: 1 hour
 * SL Paper 2: 2 hours


 * 5th to 9th March 2012 **
 * Outline how you answer the questions in this [|Revision_worksheet_Ch1 to 6.pdf]. Then, choose two questions and write out your answers. Submit your work on 8th March (Thursday).
 * Grade boundaries: [|2011 IBDP Economics Grade Boundaries - Overview.pdf]


 * 27th February to 2nd March 2012 **
 * Practice on analysis of questions.


 * 20th to 24th February 2012 **
 * Review of mock exam papers.


 * 1st to 3rd February 2012 **
 * Revision for mock exam.
 * **//Please do not hesitate to consult Mr Wong when you have problems.//**


 * 16th to 20th January 2012 **
 * Revision for mock exam.
 * //Please do not hesitate to consult Mr Wong when you have problems.//
 * Here's a file on Purchasing Power Parity Theory: [|Purchasing Power Parity Theory.pdf]


 * 9th to 13th January 2012 **
 * Presentations by students on the following topics:
 * NGOs and economic development
 * Differences between Humanitarian and development aids
 * The role of markets and the state in the development process
 * Students have to meet Mr Wong to discuss their IA: [|Meeting with Mr Wong on IA (Revised).pdf]


 * 3rd to 6th January 2012 **
 * Presentations by students on the following topics:
 * Growth models such as the Harrod-Domar Model and Lewis Surplus Labour Model: [|Growth and Development Strategies_growth models.pdf]
 * Development strategies such as fairtrade
 * Foreign direct investment (FDI) in promoting economic growth and development in developing countries
 * Students have to meet Mr Wong to discuss their IA.


 * 12th to 16th December 2011 **
 * Presentations by students on the following topics:
 * Growth strategies such as the export-led strategy


 * 5th to 9th December 2011 **
 * Presentations by students on the following topics:
 * Barriers to economic growth and economic development:
 * Lack of property rights
 * Tariff escalation
 * Insufficient provision of education (to girls)
 * Brain drain (human capital flight)
 * Corruption
 * Capital flight
 * Students will also discuss other institutional, political, trade, social and cultural barriers, as well as the poverty trap and poverty cycle.
 * ** Test on BOP and ToT on 9th Dec (Friday). **


 * 28th Nov to 2nd December 2011 **
 * ** Test on BOP and ToT postponed to 9th Dec (Friday). **
 * Presentations by students on the following topics:
 * Measures of economic development
 * Diversity among developing countries
 * Sources and consequences of economic growth and economic development

>
 * 21st to 25th November 2011 **
 * Students will work on their IA #4. Due date is __**12th December**__.
 * Assignment: textbook p.313 #2 (HL) and #3 (SL). Due date: 24th Nov (Thursday).
 * Do corrections on test. Due date: 28th Nov (Monday).
 * ** Test on BOP and ToT on 1st Dec (Thursday). **
 * Students will present their work on questions of Development Economics. Click here for schedule: [|Development Economics Presentation.pdf].


 * 14th to 18th November 2011 **
 * Students will learn the concept of terms of trade (ToT).
 * Students will discuss what reasons that change the ToT.
 * Students will discuss if an improved ToT is good or bad to a country.
 * Students will discuss why LDCs have deteriorated ToT and how this adversely affect the countries.
 * ** Test on economic integration and exchange rates on 17th Nov (Thursday). **


 * 7th to 11th November 2011 **
 * Students will discuss on "Is it a problem for a country to experience current account surplus?"
 * Students will also learn about the reasons for the current account deficit and when it is a problem.
 * Students will discuss the question: Is a current account deficit desirable?
 * Students will discuss how to correct a BOP deficit?
 * Do textbook p.301 Q.2. Due on 10 Nov (Thu).
 * ** Test on economic integration and exchange rates next Thursday (17th Nov). **
 * **Remember to submit IA #3 next Monday (14th Nov).**
 * Here are the answers to BOP exercise: [|BOP exercise.pdf] Besides, I have to apologize for #3. I did not read the statement very clearly. It says that the relative remit the money to Peter to start up a business; in other words, the relative is investing the money in Canada, it's actually recorded in the capital account.


 * 31st October to 4th November 2011 **
 * Individual meeting to talk about IA no. 2.
 * Students will learn the topic on balance of payments: capital account
 * Students will discuss on "How does a country finance its current account deficit?"


 * 24th to 28th October 2011 **
 * Students will learn the topic on balance of payments: current account
 * Individual meeting to talk about IA no. 2.
 * Test on 28 October cancelled.
 * **IA #3 to be submitted on 14th Nov (Mon).**


 * 10th to 14th October 2011 **
 * Students will discuss the following topics in class:
 * flexible exchange rate system vs fixed exchange rate system
 * the advantages and disadvantages of a single currency
 * Assignment: textbook p287 #1a and b (SL); #2a and b (HL): Due date: 24 October (Monday)
 * ** Test on Economics Integration and Exchange Rates: 28th October (Friday) **


 * 3rd to 7th October 2011 **
 * Students will discuss the following topics in class:
 * why governments intervene a foreign exchange market
 * appreciating currency vs depreciating currency


 * 26th to 30th September 2011 **
 * Students will discuss the topic on exchange rates: its meaning, what determines the exchange rate, the different types of exchange rate system, depreciation and appreciation of currency (under the flexible system), the devaluation and revaluation of currency (under the fixed system).
 * Students will discuss what factors make the exchange rate change.
 * [|What is exchange rate_ans.pdf]


 * 19th to 23rd September 2011 **
 * Students will discuss the topic on economic integration.
 * [|What is economic integration_ans.pdf]
 * Test on 27th September (Tuesday)


 * 12th to 16th September 2011 **
 * Students will continue discuss the law of comparative advantage and its limitations.
 * Quiz on 23rd September (Friday).
 * 2nd IA due next Monday.


 * 5th to 9th September 2011 **
 * Students discuss: The law of comparative advantage
 * [|Specialization and trade.pdf]
 * [|Comparative Ad_Why Do Countries Specialize in Producing Some Goods_student.pdf]
 * [|More on Comparative Advantage.pdf]


 * 29th August to 2nd September 2011 **
 * Students discuss the following: Free trade vs protectionism; the different types of protectionist measures
 * [|Different Types of Protectionist Measures.pdf]
 * Assignment (on tariff and quota) due next Monday.


 * 22nd to 26th August 2011 **
 * Students discuss the following: What is free trade? What are the benefits of free trade?
 * Assignment (on free trade and protectionism). Due next Monday.