GRADE 11 ECONOMICS
Pre-IB Economics (CIE 3M7) - The Individual and the Economy
Stock Market Challenge
Click here to take the Investopedia stock market challenge and see how well you do against other investors trading US equities. You will be able to obtain resources and other information needed to help you create and register your group's portfolio in this stock market simulation. Updates of group stock portfolio values and rankings will be maintained at the site and updated after the markets close.
The Stock Market vs. the Economy Explained
Watch this wealth manager explain the relationship between the stock market and the economy: It's just like walking a dog. This wealth manager can help you understand what a huge move in the market could mean for employment, businesses and the economy.
Stock Market Indexes and Investing
What is a stock market index? Heard of the TSX composite index, Dow Jones Industrial Average, S & P 500 or the FTSE ('footsie')? Observe the following videos: (I) What is an Index reviewing how indices of stock performance are constructed and (II) Stock Indices & Index Fund Investing for an overview of the Dow Jones and how market index funds work.
Course Links
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Market Updates
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Toronto Stock Exchange (Toronto)
New York Stock Exchange (New York)
Nasdaq (New York)
Financial Times Stock Exchange (London)
Montreal Exchange (Montreal)
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Economic Systems
Observe the following video for a quick overview of the different characteristics of market (capitalist), command (communist) and mixed economic systems.
Price Elasticity of Demand
Understanding the responsiveness of quantity demanded to changes in price is critical for consumers and businesses. Price elasticity of demand is an essential concept in microeconomics. Observe the following video for a quick overview.
Practice Your Demand and Supply Skills!
Ready to review and practice your knowledge of markets and how changes in demand and supply affect equilibrium price and quantity? Observe this video and try the practice questions provided half way through the video. Be sure to pause the video and use a diagram to answer each of the scenarios given related to the 'fidget spinner' market. Good luck!
Price Floors and Price Ceilings
Observe this video reviewing the effects of price controls (i.e. price ceiling and price floor) on the marketplace.
Reading: "Including the Environment in Economic Decisions" (Markets & Externalities)
While markets are excellent at achieving efficient outcomes for the producer and consumer, third party effects of market transactions may have unintended consequences, such as environmental pollution, and subsequently impose external costs for society to bear. Complete the above reading and questions to develop a better understanding of this feature of market dynamics.
Oral Presentations
Select your class for the study notes for the macroeconomics presentations.
CIE 3M7.1 / CIE 3M7.2
Commentary Task
Visit this page for important resources and advice on preparing the economics commentary. Mastering the necessary steps to completing a well-crafted commentary is essential for all IB students preparing for the examination year of the IB economics program.
