MR. DUKE'S CLASS WEBSITE
Contact
Atomic Weapons
IB Economics
Microeconomics
>
Unit 1: Competitive markets, Elasticity
Unit 2: Government Intervention
Unit 3: Market Failure
Test Questions
Macroeconomics
>
Unit 1: Overall level of economic activity, AD/AS
Unit 2: Macroeconomic Objectives
Unit 3: Fiscal, Monetary and Supply-side policies
International Economics
>
Unit 1: International Trade, Exchange Rates
Unit 2: Balance of payments, Economic integration
Development Economics
>
Unit 1: Economic Development, Measuring Development, Domestic and International Factors
Unit 2: FDI, Foreign Aid, Debt, Balance in Strategies
IB Test Review
Warm-up
ADV US History
US Foreign Policy
>
American Imperialism
World War I
>
Weapons
World War II
Cold War
>
Topic 3: The Cuban Missile Crisis
Foreign Policy Essay
Immigration
Race and the American Experience
>
Black America
Indian Boarding Schools
United Farm Workers
Race and the American Experience
>
Race in the Late 1800s
Race in the Early 1900s
Civil Rights Movement
Economic Strife and the Role of the Government
>
Industrialization
Great Depression and the New Deal
Gender Equality
February 4
Macroeconomics Internal Assessment (IA)
IA Work Day
February 6
Free trade
The benefits of trade
The World Trade Organization (WTO)
Restrictions on Free trade
Arguments for and against trade protection
Types of protection
Homework:
Oxford Text: 272-276, 278
or
February 10
Restrictions on Free trade
Types of protection
Tariffs, Subsidies, Quotas, Administrative Barriers
Reading for Homework:
Oxford Text:
282, 284-288 (skip fixed and managed exchange rates for now)
February 12
February 18
Freely floating exchange rates
Determination of freely floating exchange rates
Causes of exchange rate changes
The effects of exchange rate changes
Homework:
ROUGH DRAFT OF IA DUE FEB 21
Oxford Text: 283 (fixed), 287 (managed), 289-292
February 20
Government Intervention
Fixed exchange rates
Managed exchange rates
Evaluation of different exchange rate systems
Homework:
FINAL DRAFT OF IA DUE MARCH 1
Prepare for test
February 24
PREPARE FOR TEST
trade_and_exchange_rate_qs.pdf
File Size:
2490 kb
File Type:
pdf
Download File
markscheme_pt._1.pdf
File Size:
224 kb
File Type:
pdf
Download File
markscheme_pt._2.pdf
File Size:
470 kb
File Type:
pdf
Download File
Test Review
Key terms (from glossary)
anti-dumping
barrier to trade
dumping
depreciation
devaluation
economies of scale
fixed exchange rate
floating exchange rate
infant industry argument
quota
retaliatory tariff
revaluation
tariff
subsidy
World Trade Organization (WTO)
overvalued currency
undervalued currency
Be able to
(from IB Guide):
Explain gains from trade
Describe the objectives and functions of the WTO.
Explain, using a tariff diagram, the effects of imposing a tariff
Explain, using a diagram, the effects of setting a quota
Explain, using a diagram, the effects of giving a subsidy
Describe administrative barriers that may be used as a means of protection.
Evaluate the effect of different types of trade protection.
Discuss the arguments in favor and against trade protection
Draw a diagram to show determination of exchange rates in a floating exchange rate system.
Describe the factors that lead to changes in currency demand and supply,
Evaluate the possible economic consequences of a change in the value of a currency,
Describe a fixed exchange rate system involving commitment to a single fixed rate.
Explain how a fixed exchange rate is maintained.
Explain how a managed exchange rate operates
Examine the possible consequences of overvalued and undervalued currencies.
Compare and contrast a fixed exchange rate system with a floating exchange rate system,
February 27
TEST
Reading for Homework:
Oxford Text: 294-300
Contact
Atomic Weapons
IB Economics
Microeconomics
>
Unit 1: Competitive markets, Elasticity
Unit 2: Government Intervention
Unit 3: Market Failure
Test Questions
Macroeconomics
>
Unit 1: Overall level of economic activity, AD/AS
Unit 2: Macroeconomic Objectives
Unit 3: Fiscal, Monetary and Supply-side policies
International Economics
>
Unit 1: International Trade, Exchange Rates
Unit 2: Balance of payments, Economic integration
Development Economics
>
Unit 1: Economic Development, Measuring Development, Domestic and International Factors
Unit 2: FDI, Foreign Aid, Debt, Balance in Strategies
IB Test Review
Warm-up
ADV US History
US Foreign Policy
>
American Imperialism
World War I
>
Weapons
World War II
Cold War
>
Topic 3: The Cuban Missile Crisis
Foreign Policy Essay
Immigration
Race and the American Experience
>
Black America
Indian Boarding Schools
United Farm Workers
Race and the American Experience
>
Race in the Late 1800s
Race in the Early 1900s
Civil Rights Movement
Economic Strife and the Role of the Government
>
Industrialization
Great Depression and the New Deal
Gender Equality