IBE - U2 Introduction by jclerch https://padlet.com/jclerch/gy53tlqodjd817bw Microeconomics en-us 2022-04-03 16:47:04 UTC 2022-11-12 05:39:29 UTC hello@padlet.com https://padlet-uploads.storage.googleapis.com/442/edd5f70ac2e0b2337494a21e47f02ed2/AC_Logo_400X400.jpg jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2127515589 This unit is made up of nine lessons for SL, and twelve, more involved lessons for HL. 

In SL, we will spend approximately 35 hours on this unit. 

In HL, we will spend approximately 70 hours on this unit. ]]> 2022-04-03 21:05:56 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2127515589 Real-world issue 1 - How do consumers and producers make choices in trying to meet their economic objectives? jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2127616028
  • Interaction between consumers and producers in a market is the main mechanism through which resources are directed to meet the needs and wants in an economy.
  • Consumer and producer choices are the outcome of complex decision-making.
  • Welfare is maximized if allocative efficiency is achieved.
  • Constant change produces dynamic markets.
    • ]]>     2022-04-03 23:48:40 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2127616028     Real-world issue 2 - When are markets unable to satisfy important economic objectives —and does government intervention help? jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2127617580
  • The market mechanism may result in socially undesirable outcomes that do not achieve efficiency, environmental sustainability and/or equity.
  • Market failure, resulting in allocative inefficiency and welfare loss.
  • Resource overuse, resulting in challenges to environmental sustainability.
  • Inequity, resulting in inequalities.
  • Governments have policy tools which can affect market outcomes, and government intervention is effective, to varying degrees, in different real-world markets.
    • ]]>     2022-04-03 23:50:45 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2127617580     Microeconomics flowchart jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2260169561 2022-08-13 00:37:06 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2260169561 Visual Syllabus jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2260659736 2022-08-14 16:04:27 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2260659736 jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2260735233 2022-08-14 21:38:10 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2260735233 Incentives jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2269222725 2022-08-23 19:54:29 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2269222725 Olivia's Quizlet for this Unit jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2273377984 2022-08-27 12:37:47 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2273377984 jclerch https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2279350582 2022-09-01 14:08:06 UTC https://padlet.com/jclerch/gy53tlqodjd817bw/wish/2279350582