IB Business Management, IB Economics and Pre-IB Social Studies

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IB Econ 11

Students are on track for the Paper 3 Quantitative Techniques of Theory of the Firm 1.

As there are no formula booklets issued in Economics, students are required to memorize formula and apply them to the homework and seatwork given in class.

A summative test is expected for this topic.

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IB Econ 12

Students are done with Economic Development Revision is on schedule for International Trade Revision for Paper 2 and Paper 3.

Quick topics with be reviewed, including Balance of Payments, and extensive past paper usage is expected.

To train students for the exams further, all assessment will be written on an IB-like lined paper under  time pressure. Students will also be given options of stimulus materials to choose from, as part of their IB training.

Paper 3 exercises will be be given for homework and seatwork for a big Unit Test in February.

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IB Econ 11

Student have covered Microeconomic topics until Market Failure and now starting with Theory of the Firm 1.

To practice students for the tasks and tests in this topic, key terms, real life examples and graphs will be formatively tested later this week.

Extensive inter-oral class discussions are expected among students. Research on real life examples for relevant terms are also required.

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IB Econ 12

Students have substantially covered all relevant topics in the Syllabus and is now in the process of revising.

This week, students will revise for Economic Development topics using a very good website, and IB references. The Syllabus guide will also be highly used.

Students are expected to solidify their real life examples with at least a developing country example for each topic.

Students are expected to revise their IA portfolio one last time next week.

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Econ 12

Students are now revising their commentaries after examinations.

Many of them are realizing that the IA is a portfolio that measures their summative knowledge and mastery of various Units of study across the syllabus. These include Microeconomics, Macroeconomics, International Economics and Economic Development.

A portfolio of graphs across the syllabus is also being revised by students, and enriching their evaluation points with other Units of Study.

Their final portfolio is expected in the first few weeks of January, before revision for the mock examinations.

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Econ 11

Students will be working on their 1st commentary this week, but only after getting approval for their news articles from an internationally credible source.

Many students have chosen good topics, and are on their way to creating their 1st 750 word IA commentary.

Terms, Diagrams and Analysis are the strengths of students, but need to work on their Evaluation points carefully to access the higher IB mark bands.

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IB Econ 12

Senior Year students successfully revised for the examinations for International Trade and Economic Development topics.  Paper 2 and 3 practices were given.

The final examination for students will cover both Units of Study, and will mimic the IB exams in terms of depth, coverage and difficulty.

After examinations, students will now be working on revising their IA Portfolio, so that the break would allow them to review all 3 commentaries before final submission in January.

 

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IB Econ 11

The students finished revision for Foundations of Economics, Basic Microeconomics, Market Failure and Government Intervention. Students were tested about it during a Finals Assessment consisting of 20% of their semestral grade.

After examinations they are expected to try writing their first 750 word Commentary. A rubric for the IA, with corresponding guidelines and suggested word count, will be sent to the students.

Suggested articles to be researched by students are government interventions of price ceilings and floors, taxation and subsidies, and any of the negative or positive externalities.

 

 

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IB Econ 11

Students have completed the study of market failure, including positive externalities.

While not entirely a problem, positive spillover effects benefiting society still makes private costs much more or private benefits much less than their social counterparts. While it is true that society gains because of the positive spillover effects, there is still welfare loss as somebody else is still paying for the additional benefits.

Students have also mastered solutions of positive externalities of legislations, direct provision, positive advertising and subsidies.

Students will now be preparing for the examinations in the next week.

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IB Econ 11

Students were heavily involved in mastering key terms, graphs and explanations of market failure. Real life examples for the topic was researched, with 2 years recency of data.

In the coming days, students will learn how to correct negative market failure as a mix of government intervention such as legislation, regulations, advertising and subsidies; and the use of market based solutions of internalizing the externality.

Dinesh Bakshi website is helpful for this topic.

  • http://www.deped.gov.ph/