Flashcard- Microeconomics

Here is a flashcard quiz on Microeconomics terms for Economics students. Check you knowledge.

PowerPoint Presentations for IB Economics

Hi there,

I have recently uploaded a number of PowerPoint Presentations on my site www. dineshbakshi.com.
These PowerPoint Presentations are crisp, to the point and an excellent tool for revision. Teachers are most welcome to use these presentations in their lessons. I have tried to make them colorful and interesting. I am sure our young audience will find them captivating and would appreciate them.
Utmost care has been taken to see that the content is correct and relevant. However if there are any issues regarding the content then please let me know so that I can make the necessary corrections.
Here is the link to these presentations.
Thanks and cheers.

Getting a 7 in IB Economics - Post 1

Dear students,
In this series of 'Getting a 7 in IB Economics' I would be giving you useful tips on how to improve your grades in IB Economics. In this particular post I am going to state 5 things which are a must when it comes to writing an excellent extended response question.

5 Commandments for getting good grades in IB Economics

1. Always define terms accurately: Whenever you use a economic term, define it accurately. When I say ' accurately', I mean  you have to use the key terms which make a definition complete. For example, Inflation is a persistent rise in the average price level of goods and services over a period of time. Here, the key words are 'persistent', 'over a period of time'. Without these key words the definition might be considered as vague and you will end up getting only half the marks.
2. Use diagrams effectively: IB Examiners love diagrams. Use appropriate diagrams to explain your answers/concepts. Students are expected, where appropriate, to include correctly labelled and clearly drawn diagrams.Drawing a diagram is not enough, it has to be explained also. For example, while explaining demand pull inflation on an AD/AS diagram the student can write.... 'The increase in AD from AD1 to AD2 will lead to a increase in real output from Y1 to Y2, however it will also lead to a rise in general price level from PL1 to PL2. 
3. Structure your answer: An extended response questions should have a logical structure. The arguments and discussion should have logical flow. A good answer will have relevant concepts developed in reasonable depth, demonstrate effective evaluation, supported by appropriate evidence or theory.
4. Application : Students are expected, where appropriate, to illustrate their answers with examples in order to reach the highest markbands. Always use real life examples to strengthen your answer. In case you are doing a data response question then refer to the text and make effective use of data presented. 
5. Evaluation is very important: Effective evaluation consists of  considering the short run versus long run consequences of a phenomenon/decision on on different stakeholders. Discussion of its advantages and disadvantages.

 Coming next... Attempting Paper 1

Tips on writing a good Economics commentary

Internal Assessment in IB Economics holds a very important place.

Internal assessment in economics enables students to demonstrate the application of their knowledge and understanding of economic theory to real-world situations.As per the new Economics syllabus , Economics IA has 20% weightage.

Here are a few tips on how to write a good commentary.

First of all the most important aspect is choosing a good article. The following tips will help

• The articles may be from a newspaper, a journal or the internet, but must not be from television or radio broadcasts.
• Avoid choosing long articles.
• Articles should be raw piece of news and should not have too much of analysis done by the author. The article should be more in a reporting style.

Here is a presentation which briefs you with the further details.

Macroeconomics Revision notes

dineshbakshi.com is now updated with fresh revision notes on Macroeconomics, specifically written for IB Economics. These notes are short and crisp and are an ideal revision tool. Each topic is complimented with relevant videos and interactive quizzes.
Moreover, there is a revision question section also, where all the possible questions with suggested answers are listed topicwise.
Now... Learning is fun, indeed !!
Click here to got IB Economics section on dineshbakshi.com

Article Sources for writing Commentaries

Here are some of the websites where you can get good articles for your commentaries.

BBC: www.bbc.co.uk
CNN: http://europe.cnn.com/
Reuters: www.reuters.co.uk
The Guardian: http://www.guardian.co.uk/
The Financial Times: www.ft.com
The Independent: http://www.independent.co.uk/
The Times: http://www.timesonline.co.uk/
The Sunday Times: http://www.timesonline.co.uk/
The Irish Independent: http://www.unison.ie/irish_independent/
The New York Times: http://www.nytimes.com/
The Washington Post: http://www.washingtonpost.com/
The Wall Street Journal : http://online.wsj.com/public/us
Moscow Times (in English): www.moscowtimes.ru
Sydney Morning Herald: www.smh.com.au
To browse other newspapers from across the world, go to: http://www.newsdirectory.com/

If you have some more then please do add them through your comments.

Mind Map on Elasticities

Mind Map on elasticities is available for download on dineshbakshi.com.

This concise mind map has all the essential elements needed to revise Elasticities for IB and A Level Economics.

The topics covered are Price elasticity of Demand, Income elasticity of Demand, Cross elasticity of Demand and Price elasticity of supply.

An excellent tool to get a gist of the whole topic....on one page.

An ideal last minute revision tool...

Download it here and enjoy.

More Mind Maps specifically designed for IB and A Level Economics students....coming soon!!