Year 12 eCONOMICS cover

  Humanities Website
  • Middle School
    • Pride, Unity and Respect Inquiries >
      • November - Native American Heritage Month
    • Assessment in Middle School Humanities
    • Parent support Materials
    • Year 9 Humanities >
      • An Introduction to Year 9 Humanires
      • Year 9 Geography >
        • Is Development a good thing? >
          • How can development be measured?
          • Why are some countries LEDCs?
          • Can the development gap be reduced?
          • What are the issues in MEDCs? Case study Japan
        • How can we ensure responsible consumption and production? >
          • The chocolate trade
          • What is the real cost of fashion?
          • The circular economy
          • Dragon's Den Assessment
        • Extreme Environments >
          • How do people live in cold environments?
          • The Sirius Patrol: Surviving in Extreme Environments
          • Mt Everest
          • Deserts
      • Year 9 History >
        • Teacher Documents
        • 1. EAST MEETS WEST >
          • 1A. WHY DO CIVILISATIONS EXPAND?
          • 1.B THE ROLE OF POLITICAL UNITY AND TRADE
          • 1.C THE ROLE OF TRADE
          • 1.D THE ROLE OF THE INDIVIDUAL
          • 1.E THE FIRST CRUSADE
          • 1E. ASSESSMENT: THE BENEFITS OF INTERCONNECTEDNESS OUTWEIGH THE COSTS TO HUMANITY' EVALUATE THIS STATEMENT IN REFERENCE TO THE PERIOD 250AD-1250AD
        • 2. THE NEW WORLD >
          • Ancient civilizations of the Americas
          • The conquest of the Americas
          • WHAT MADE THOMAS CLARKSON SO ANGRY?
        • THE TWENTIETH CENTURY RESEARCH PROJECT
        • 4. THE BIG IDEA: WHY WAS THE FIRST 50 YEARS OF THE 20TH CENTURY THE MOST VIOLENT? >
          • 4.A FIRST GLOBALIZATION 1750-1914
          • 4.B LONG WAR 1914-1990
        • YEAR 9 END OF YEAR ASSESSMENT
    • Year 8 Humanities >
      • Topic 1: Where is the riskiest place to live in the USA? >
        • What makes a disaster?
        • Hazard, Risk or Disaster?
        • Population patterns USA
        • Hazard 1: Hurricanes >
          • Case Study 1: Harvey 2017
          • Case Study 2: Michael 2018
          • Case Study 3: Hurricane Season 2021
        • Hazard 2: Tornadoes >
          • Case Study 2: Moore Tornado
        • Hazard 3: Tectonics in the USA >
          • Case Study 3
        • Hazard 4: Wildfires
        • Hazards Final Assessment
      • Topic 2: The Changing Story of Power >
        • Part 1: From King to Parliament >
          • Case Study: English Kings
          • Could Kings do what ever they wanted?
          • The growth of Parliament
          • The Reformation
          • Charles I
        • Part 2: From Parliament to People >
          • The Enlightenment
          • The American War of Independence
          • Why were the French so Angry?
          • How did the Enlightenment affect Britain?
          • The Fight for Women's Rights
          • Did the militant actions of the Suffragettes help or hinder the cause of votes for women?
          • Why did women win the vote?
        • Assessment >
          • Revision of Turning Points
      • Topic 3: How can we become positive change makers? >
        • Our World in 2045
        • What are the long-term causes of climate change?
        • The Industrial Revolution and climate
        • significant Inventions
        • Costs and benefits of Industrialization
        • The enhanced Greenhouse effect
        • The impact of climate change
        • Is the World that bad?
        • What is the problem with plastic?
        • How can we manage climate change?
        • Earth Day
        • Mitigation and adaptation strategies
        • Protest as a means of change
        • Change maker project
        • Y8: Model United Nations
    • Year 7 Humanities >
      • Year 7 Geography >
        • Biomes
        • Microclimate Investigation
        • How did the impacts of the Haiti and Japanese earthquake compare?
        • Topic 2 Migration
        • Geography in the news
      • Year 7 History >
        • 1. The Ancient World >
          • a. Prehistoric Life >
            • Middle School History
          • b. Egypt or Rome? >
            • Historical Enquiry - Comparing Ancient Societies
            • Ancient Egypt
            • Ancient Rome
          • Assessment
        • 2. The Medieval World >
          • "Muck and Misery" Investigation
          • Medieval Guidebook Assessment
          • Medieval Baghdad
        • 3. The American West >
          • Native American Culture
          • The First Settlers
          • Pioneers
          • Cowboys and cow towns
          • Impact of settlement on the Native Americans
          • Assessment
        • 4. The Industrial World >
          • The Urban Game
        • 5. Civil Rights
        • 8 . Digital Library
  • HS Geography
    • IB Geography >
      • Introduction to IB Geography
      • Paper 1- Geographic Themes >
        • Urban Environments >
          • Urban sections 1-3
          • Sustainable Cities
        • Leisure, sport and Tourism >
          • Introduction to Leisure, sport and tourism
          • A global sporting event- The Olympics
          • Managing Rural Tourism Hotspots
          • Managing urban tourism hotspots
          • Tourism as a development strategy
          • Sustainable tourism
          • Variations in Sphere of Influence
          • The impact of Rural festivals
        • Geophysical Hazards >
          • Earthquakes
          • Volcanoes
          • Landslides
      • Paper 2: Geographic perspectives >
        • Changing populations >
          • Population density
          • Processes of population change >
            • Megacities
            • Forced migration
          • Possibilities of population change >
            • Aging population
            • Population policies
            • Gender Equality
            • Human trafficking
            • Demographic dividend
          • Debate: Should the UN curb population growth?
          • Population revision
        • Global Climate - Vulnerability and Resilience >
          • The causes of global climate change
          • Impacts of climate change
          • ​Disparities in exposure to climate change risk and vulnerability
          • GOVERNMENT LED ADAPTATION AND MITIGATION STRATEGIES
          • Civil society and corporate strategies to address climate change
        • Global resource consumption and security >
          • Global trends in consumption >
            • GLOBAL AND REGIONAL/CONTINENTAL PROGRESS TOWARDS POVERTY REDUCTION.
            • Measuring trends in global consumption
            • Patterns and trends in the availability and consumption of water
            • Global patterns and trends in the availability and consumption of land/food
            • Global patterns and trends in the availability and consumption of energy
          • Nexus thinking >
            • Two countries with contrasting levels of resource security...
            • Waste disposal and recycling
          • Resource Stewardship >
            • Divergent thinking about population and resource consumption trends
            • The circular economy
        • Infographics
      • Paper 3: Global Interactions >
        • Power, place and networks >
          • Global networks and flows
          • Global Interactions & Global Power
          • Human and physical influences on global interactions
        • HUMAN DEVELOPMENT & DIVERSITY >
          • Development opportunities
          • Changing cultures and identities
          • Cultural Hybridity
          • Local responses to global interactions
        • Environmental risks
        • Geopolitical and economic risks
      • IB Revision- mocks 2021
      • IB Revision
      • Internal Assessment
      • Extended Essay in Geography
    • New IGCSE Edexcel Geography >
      • Paper 1 - Physical Geography >
        • Hazardous Environments
      • Paper 2 - Human Geography >
        • Urban Environments
        • Economic Activity and Energy
        • Fragile Environments and Climate Change
    • IGCSE Geography >
      • Population and Settlement >
        • Population >
          • Why is population growing?
          • Population density and distribution
          • Over and Under population
          • Dependent populations
          • Population policy: One Child policy China
          • HIV and AIDs
          • Migration
          • Population revision
          • Debate: Should the UN curb population growth?
        • Settlement >
          • Settlement and service provision
          • Urbanisation
      • Natural Environment >
        • Earthquakes and Volcanoes >
          • Plate tectonics
          • Case study of a volcano: Montserrat
          • Haiti Earthquake
          • Why do people live in hazardous areas?
          • Tectonics revision
          • REVISION- WHAT HAPPENS AT TECTONIC PLATES?
        • Rivers >
          • Hydrological characteristics and processes
          • River Landforms
          • Benefits and threats of rivers
          • Management of rivers: Hard and Soft engineering
          • Rivers revison
        • Coasts >
          • Coastal processes
          • Coastal management
          • Different coastal environments
          • Mangroves
          • Hurricanes- cyclone Alia, Bangladesh
          • Hurricanes- Hurricane Harvey
          • Coasts revision
          • Coastal skills
        • Weather and Climate >
          • Weather measurements
          • The Tropical Rainforest Ecosystem
          • Deserts
          • Climate and vegetation revsion
      • Economic Development >
        • 3.1 Development
        • Industry
        • Globalisation
        • Food production
        • Water
        • Tourism
        • Energy
        • Environmental risks of economic development
        • economic development revision
      • Geographical Enquiry
      • Paper 2 Geographical Skills
      • Paper 4: Fieldwork paper
      • IGCSE Revision
      • IGCSE Revision for mid course assessments April 2021
      • Paper 1: Knowledge paper revision for mocks 2022
  • HS Economics
    • IB ECONOMICS TEACHER PAGES >
      • Activity Styles
    • Year 10 >
      • 1.0 THE BASIC ECONOMIC PROBLEM
      • 2.0 HOW MARKETS WORK AND MARKET FAILURE
      • 3.0 THE INDIVIDUAL AS PRODUCER, CONSUMER AND BORROWER >
        • 3.3 Workers
        • 3.4 Firms
        • 3.5 Small firms and causes and forms of the growth of firms
        • 3.6 Economies and diseconomies of scale
        • 3.7 Firms costs, revenues and objectives
        • 3.8 Firms and Production
        • 3.9.5 Monopoly Markets
      • REVISION OF UNITS 1, 2 AND 3
      • SUMMER LEARNING
    • Year 11 >
      • 4.0 THE ROLE OF GOVERNMENT IN AN ECONOMY >
        • 4.1 Introduction to Macroeconomics
        • 4.1.1 The Role of Government
        • 4.2.1 Macroeconomic Aims of Government
        • 4.2.3 Economic Growth
        • 4.7 EMPLOYMENT AND UNEMPLOYMENT
        • 4.8 INFLATION
        • 4.4.0 FISCAL POLICY
        • 4.4.1 MONETARY POLICY
        • 4.1.2 SUPPLY-SIDE POLICIES AND MACROECONOMICS REVISION
      • 5.0 ECONOMIC DEVELOPMENT >
        • Top Trumps: Economic Development
        • 5.1 DIFFERENCES IN ECONOMIC DEVELOPMENT
        • 5.3.1 POVERTY
        • 5.3 POPULATION
      • 6.0 INTERNATIONAL ASPECTS >
        • 6.2 ​GLOBALISATION, FREE TRADE AND PROTECTION
        • 6.3 EXCHANGE RATES AND THE CURRENT ACCOUNT
      • iGCSE Economics Revision Sessions - May 23rd to June 1st
      • Revision Support
    • Year 12 >
      • 1. Introduction to Economics
      • 2. Microeconomics >
        • 2.A. COMPETITIVE MARKETS: DEMAND AND SUPPLY >
          • HL Demand FE 2022
        • 2.B.ELASTICITIES
        • 2.C.GOVERNMENT INTERVENTION >
          • INQUIRY: EVALUATE THE EFFECTIVENESS OF GOVERNMENT INTERVENTION IN ACHIEVING SDG 12: RESPONSIBLE CONSUMPTION AND PRODUCTION
          • HL 2020 Government intervention
        • 2.D.MARKET FAILURE >
          • To What Extent Does the American Health Care Market Represent a Market Failure?
        • HL: RATIONAL PRODUCER BEHAVIOR
        • 2.E.THE THEORY OF THE FIRM 1: PRODUCTION, COSTS, REVENUES, AND PROFIT HL
        • 2.F.THE THEORY OF THE FIRM II: MARKET STRUCTURES HL
        • Real World Examples: Theory of the Firm
      • 3. Macroeconomics >
        • 2A. THE LEVEL OF OVERALL ECONOMIC ACTIVITY
        • 2B. AGGREGATE DEMAND
        • 2C. AGGREGATE SUPPLY
        • THE MULTIPLIER (HL)
        • INFLATION
        • THE PHILLIPS CURVE (HL)
        • LOW UNEMPLOYMENT
        • EQUITY IN THE DISTRIBUTION OF INCOME
        • ECONOMIC GROWTH
        • OVERVIEW OF DEMAND-SIDE AND SUPPLY-SIDE POLICIES
        • FISCAL POLICY
        • MONETARY POLICY
        • SUPPLY-SIDE POLICIES
      • Exam Papers
      • IA's >
        • IA Marking Exercise
        • Economic Diagrams
      • Extended Essay in Economics
      • SUMMER LEARNING
    • Year 13 >
      • 4. International Economics >
        • 4.A.International trade
        • 4.B.Exchange rates and the balance of payments
        • 4.C.Economics integration and the terms of trade
        • 4.D.Be ambitious resources
      • 5. Development Economics >
        • Understanding Economic Development
        • Topics in Economic Development
        • Foreign sources of finance and foreign debt
        • Consequences of economic growth and the balance between markets and intervention
      • IB Economics - Exams
      • IB ECONOMICS REVISION PAGES >
        • REAL WORLD EXAMPLES
        • Give Me Fives
        • Economics Past Papers
        • Student Video Tutorials
        • Additional Revision Activities
        • 2022 MOCK EXAM
    • Digital library
    • TOK Inspired Economics Page
    • Process for Deciding Economics University Predicted Grades
  • HS History
    • What is History?
    • IBDP History >
      • Pre - IB History
      • Rationale
      • Introductory Tasks
      • Perspectives Blog
      • IB History Revision Sessions - April 6th to May 1st
      • Paper 1 - Prescribed Subject >
        • Military Leaders >
          • Genghis Khan 1200-1227 >
            • Introduction to the Mongols
            • Mongol Historiography
            • Rise to Power
            • Military Might
            • Leadership
            • Campaigns in China and Asia
            • Impact of the Mongols
            • TOK - Genghis
          • King Richard I of England 1173-1199 >
            • Medieval England
            • Richard I - Life before 1189
            • Richard I - Crusader King 1190 - 1193
            • Richard I - Military Leadership
            • Richard - Impact
            • Richard I - Reputation and Historiography
            • TOK - Richard I
          • Paper 1: Rights and Protest
          • Source Skills
      • Paper 2 - World History Topics >
        • Essay Writing Skills - Paper 2
        • Authoritarian States >
          • Theory
          • MCA Feedback and Reflection
          • Hitler >
            • Emergence and rise to power >
              • HOW MUCH HOPE WAS THERE FOR THE SURVIVAL OF THE WEIMAR REPUBLIC 1919-29?
              • HOW DID THE AIMS AND IDEOLOGY OF THE NAZI PARTY DEVELOP BETWEEN 1919-1923
              • HOW FAR DID THE CONDITIONS OF 1929-33CONTRIBUTE TO THE ESTABLISHMENT OF THE NAZI STATE?
              • WHERE DID SUPPORT FOR NATIONAL SOCIALISM COME FROM?
            • Consolidation and maintenance of power >
              • HOW DID HITLER CONSOLIDATE HIS POWER TO CREATE AN AUTHORITARIAN REGIME?
              • WHAT PART DID PERSONALITY AND PROPAGANDA PLAY IN THE CONSOLIDATION OF POWER?
              • WHAT WERE THE MAIN CHARACTERISTICS OF NATIONAL SOCIALIST GOVERNMENT?
              • WHAT WAS THE NATURE AND EXTENT OF OPPOSITION TO NAZI RULE AND HOW WAS IT DEALT WITH?
              • WHAT WAS THE IMPACT OF FOREIGN POLICY ON HITLER'S CONSOLIDATION AND MAINTENANCE OF POWER?
            • Aims and results of policies
          • Mao >
            • Emergence and Rise to Power
            • Consolidation and maintenance of power
            • Aims and results of policies
          • Castro >
            • Castro RTP
            • Castro Establisment and consolidation
            • Castro: Aims and results of policies
          • Policies In Germany and Cuba >
            • Nazi Policies - Aims and outcomes
            • Castro Policies - Aims and Outcomes
        • Independence movements 1800 - 2000 >
          • Ireland - Europe >
            • 1. The origins rise and rise of independence movements >
              • 1.a. WHAT SOCIAL AND ECONOMIC FACTORS LED TO THE DEVELOPMENT OF AN INDEPENDENCE MOVEMENT?
              • 1.b. EARLY INDEPENDENCE CAMPAIGNING - WOLFE TONE
              • 1.c. SOCIAL DIVISIONS WITHIN IRELAND
              • 1.d. ECONOMIC FACTORS
              • 1.e. WHAT POLITICAL FACTORS LED TO THE DEVELOPMENT OF AN INDEPENDENCE MOVEMENT IN IRELAND?
              • f. What external factors were important in creating an independence movement.
            • 2. Methods used and reasons for success >
              • 2. a WHAT METHODS WERE USED IN THE STRUGGLE FOR INDEPENDENCE 1867 TO 1900? >
                • 2.b.​WHY DID THE INDEPENDENCE MOVEMENT SUCCEED?
                • 2.b. WHAT WERE THE ROLES OF MICHAEL COLLINS AND EAMON DE VALERA IN THE STRUGGLE FOR INDEPENDENCE?
                • 2.c.
            • 3. Challenges faced in the first 10 years after independence; and the responses to those challenges. >
              • 3.a.
              • 3.b.
              • 3.c.
              • 3.d.
              • 3.e.
            • IRISH 'BE AMBITIOUS' RESOURCES
          • India - Asia >
            • Origin and rise of the Independence Movement >
              • 1857 and Colonial India
              • The Growth of Nationalism
              • Factors in the rise of the Independence Movement
            • Methods and success of the Independence Movement >
              • Leadership in India
              • Why did India win independence?
            • Challenges facing the newly independent state
          • Cuba - The Americas >
            • origins of Cuban Independence before 1823
      • Paper 3 - History of Europe >
        • THE FRENCH REVOLUTION 1774 TO 1815 >
          • The Enlightenment
          • The Origins of the French Revolution
          • 1789: THE END OF THE ANCIEN REGIME
          • Establishing a Constitutional Monarchy
          • Revolutionary War and overthrow of the Monarchy 1792 - 93
          • Government by Terror 1793-4
          • THERMIDORIAN REACTION AND THE DIRECTORY 1794-9
          • THE IMPACT OF THE REVOLUTION
          • NAPOLEON: CONSULATE AND EMPIRE
          • DIGITAL RESOURCES: FRENCH REVOLUTION
        • Imperial Russia 1854 - 1924 >
          • Alexander II
          • Alexander III and Nicholas I
          • 1905 - Revolution
          • Nicholas II and the impact of the First World War
          • The Revolution 1917
          • Lenin and the Soviet Union
      • Internal Assessment (IA) >
        • Formulating a Question
        • Initial Proposal
        • IA Section 1
        • IA Section 2
        • IA Section 3
        • IA Referencing
        • Marking Exercise
        • Timeline Class of 2018
      • Core >
        • Extended Essay
        • Theory of Knowledge
        • CAS
    • New IGCSE Edexcel History >
      • A1 Origins & Course of WW1
      • B2 Changes in Medicine
      • D3 Weimar & Nazi Germany
    • IGCSE Cambridge History >
      • Revision Checklists
      • REVISION Past Papers >
        • MODEL Paper 1
        • MODEL Paper 2 >
          • MODEL Paper 2: Cold War Causes
          • MODEL Paper 2: Treaties
      • Depth Study A: WW1 >
        • 1. Why was war not over by December 1914?
        • 2. Why was there stalemate on the Western Front?
        • 3. How important were other fronts?
        • 4. Why did Germany ask for an armistice in 1918?
        • WW1 EXAM QUESTIONS
      • Core Content 1: Treaties
      • Core Content 2 & 3: League 20s & 30s
      • Core Content 4 : Blame for Cold War?
      • Core Content 5: Cold War Conflicts
      • Depth Study B: Germany >
        • 1. Was the Weimar Republic doomed from start?
        • 2. Why was Hitler able to dominate Germany by 1934?
        • 3a. How effectively did the Nazis control Germany?
        • 3b. What was it like to live in Nazi Germany?
  • SOCIOLOGY HOME
    • Unit 1: Theory and Methods >
      • How do sociologists study society?
    • Unit 4: Family
    • The story of Power England
  • TEACHER PAGES
    • Mrs Bennett
    • Ms Capper
    • Mr Bish >
      • Teacher Assessment Pages - Comparative Judgements
      • WS
      • Top 10's
      • Book club
      • Profile
      • blog: How can self-directed learning be made visible?
    • Mrs Morgan >
      • Debate: Should the UN curb population growth?
      • Books
      • TV and Films
      • Travel
    • Mr Jones
    • Mr Skerry
    • Contact
  • LEADERSHIP ENRICHMENT
    • Year 9 - Leadership Enrichment >
      • Leadership Styles
      • Planning an Event - The Music Festival >
        • Decision 1 - What is our Vision?
        • Decision 2 - The Line Up
        • Decision 3 - Event Planning
        • Decision 4 - Event Organisation
        • Decision 5 - Advertising
        • Decision 6 - Final Costings
        • Decision 7 - Our Pitch
      • Review and Reflection
  • GLOBAL JUSTICE LEAGUE OF BISH
    • GLOBAL CITIZENSHIP IGCSE >
      • Theme 1: Politics and Governance
      • Theme 2 - Economic development and the environment
    • BIS Houston MUN - April 6th-8th 2022
    • 2023 ​TEXAS STATE MOCK TRIAL COMPETITION TEAM
    • ORGANISORS PAGE BISHMUN 2022
    • TED X CONFERENCE 2022
  • YEAR 9 ​ENRICHMENT: ​GENERAL ASSEMBLY: ​CLIMATE CHANGE
  • History Digital Research Library
  • New Page
  • Week 10 - Dealing with Conflict

Tuesday, November 21st, 2017

Ensure that all other learning is complete before moving on to today's learning.

What: Asymmetric Information (AI)
How: Research and complete the booklet and then apply to American Healthcare market
Why: 'Perfectly competitive markets' assume perfect market information, however the absence of perfect market information by one of the parties to an economic transaction results in a form of market failure known as 'Asymmetric Information' leading to a misallocation of resources.


 As an introduction to the topic read the section in Kognity.
Now watch the following clip to develop your understanding:
​Use Pages 132 to 135 in Tragakes Economics for IB to complete the attached workbook.

The healthcare market in America

The health care market in America can give some revealing insights into the problems of Asymmetric information, Moral Hazard and Adverse Selection. 
Using the resources below, try to figure out why the market for healthcare poses particular problems. I have included some guiding questions at the bottom of today's learning to help you focus on the important issues.
WHAT IS OBAMACARE?
OBAMACARE V REPUBLICAN HEALTHCARE PLANS
THE BIGGEST PROBLEM WITH AMERICAN HEALTHCARE
Guiding questions:
1.) Why do many Americans choose not to purchase healthcare insurance?
2.) Why particularly do young people choose not to purchase healthcare insurance?
3.) What type of market failure is this?
4.) Who dispraportionatley consumes healthcare insurance?
5.) What is this an example of?
6.) As a result, what happens to the price of healthcare insurance?
7.) Do consumers of healthcare consume at socially optimum levels?
8.) What did the Obamacare 'Mandate' attempt to achieve?
9.) What would happen to the number of healthy people insured?
10.) How does this help older Americans and the sick?
11.) The Republican plan requires people to have payed for insurance for 6 months before they can draw from it, why is this, what problem is it created to deal with?
12.) Who has all of the market information in this situation?
13.) How do health insurance companies try to find out about the health of their customers?


Monday, November 20th, 2017

What: Common Access Resources (CAR's)
How: Research and Discuss in groups or as a class 'what is the best way to protect CAR's'
Why: Many of the environmental tragedies that the world faces today are largely due to the fact that our oceans, the rainforests, the air and atmosphere are CAR's and suffer from the phenomenon known as the 'Tragedy of the Commons'

Complete the Booklet on market failure and then continue/start the booklet on Common Access Resources.
You can complete some research on the Economic theory of the 'Tragedy of the Commons'. Watch the clips below: The John Stossel clip argument is an interesting one, private property rights are the best way to protect a Common Access Resource. Would it be beneficial to privatise, the oceans? the rain forests? the air we breath? Have a watch and then see what you think? What are the other approaches to protecting CAR's? What are they and would they/do they work better and why??

In the final 15 minutes elect a chair and discuss the statement 'Common Access Resources would be better protected if private property rights could be enforced over them (Privatisation)'

Friday, November 17th, 2017

Hi there, I hope that you are all recovering after your exploits! I notice that many of you have yet to finish the Kognity assessment on Market Failure.

1. ) This suggests that you have not yet completed all of the Market Failures booklet and/or the table from last lesson. If this is the case aim to complete the booklet and table by the  end of today's lesson and the Kognity test.


2.)If you need extra learning to complete then begin to complete the booklet on common access resources attachedcommon_access_resources.docx.

3.) Home learning: Everyone should have completed all of the above activities by the Thanks Giving break.

November 14, 2017

 Complete the Market Failures handout, make sure that you use either Kognity, Tragakes or Oxford. A reminder that your answers should be full explanations not one sentence answers.
 
Now complete some of your own research on how market failures resulting from externalities are (attempted at least to be) solved by governments. Use the attached table to support your research, try to find at least 3 examples for each. You can use a broad variety of websites, though make sure that the articles come from reputable and respected news agencies and media outlets. This activity Is good preparation for the research skills you need when identifying your own IA article next month.
 
Finally, complete the Kognity assessment on market failure.
  • Middle School
    • Pride, Unity and Respect Inquiries >
      • November - Native American Heritage Month
    • Assessment in Middle School Humanities
    • Parent support Materials
    • Year 9 Humanities >
      • An Introduction to Year 9 Humanires
      • Year 9 Geography >
        • Is Development a good thing? >
          • How can development be measured?
          • Why are some countries LEDCs?
          • Can the development gap be reduced?
          • What are the issues in MEDCs? Case study Japan
        • How can we ensure responsible consumption and production? >
          • The chocolate trade
          • What is the real cost of fashion?
          • The circular economy
          • Dragon's Den Assessment
        • Extreme Environments >
          • How do people live in cold environments?
          • The Sirius Patrol: Surviving in Extreme Environments
          • Mt Everest
          • Deserts
      • Year 9 History >
        • Teacher Documents
        • 1. EAST MEETS WEST >
          • 1A. WHY DO CIVILISATIONS EXPAND?
          • 1.B THE ROLE OF POLITICAL UNITY AND TRADE
          • 1.C THE ROLE OF TRADE
          • 1.D THE ROLE OF THE INDIVIDUAL
          • 1.E THE FIRST CRUSADE
          • 1E. ASSESSMENT: THE BENEFITS OF INTERCONNECTEDNESS OUTWEIGH THE COSTS TO HUMANITY' EVALUATE THIS STATEMENT IN REFERENCE TO THE PERIOD 250AD-1250AD
        • 2. THE NEW WORLD >
          • Ancient civilizations of the Americas
          • The conquest of the Americas
          • WHAT MADE THOMAS CLARKSON SO ANGRY?
        • THE TWENTIETH CENTURY RESEARCH PROJECT
        • 4. THE BIG IDEA: WHY WAS THE FIRST 50 YEARS OF THE 20TH CENTURY THE MOST VIOLENT? >
          • 4.A FIRST GLOBALIZATION 1750-1914
          • 4.B LONG WAR 1914-1990
        • YEAR 9 END OF YEAR ASSESSMENT
    • Year 8 Humanities >
      • Topic 1: Where is the riskiest place to live in the USA? >
        • What makes a disaster?
        • Hazard, Risk or Disaster?
        • Population patterns USA
        • Hazard 1: Hurricanes >
          • Case Study 1: Harvey 2017
          • Case Study 2: Michael 2018
          • Case Study 3: Hurricane Season 2021
        • Hazard 2: Tornadoes >
          • Case Study 2: Moore Tornado
        • Hazard 3: Tectonics in the USA >
          • Case Study 3
        • Hazard 4: Wildfires
        • Hazards Final Assessment
      • Topic 2: The Changing Story of Power >
        • Part 1: From King to Parliament >
          • Case Study: English Kings
          • Could Kings do what ever they wanted?
          • The growth of Parliament
          • The Reformation
          • Charles I
        • Part 2: From Parliament to People >
          • The Enlightenment
          • The American War of Independence
          • Why were the French so Angry?
          • How did the Enlightenment affect Britain?
          • The Fight for Women's Rights
          • Did the militant actions of the Suffragettes help or hinder the cause of votes for women?
          • Why did women win the vote?
        • Assessment >
          • Revision of Turning Points
      • Topic 3: How can we become positive change makers? >
        • Our World in 2045
        • What are the long-term causes of climate change?
        • The Industrial Revolution and climate
        • significant Inventions
        • Costs and benefits of Industrialization
        • The enhanced Greenhouse effect
        • The impact of climate change
        • Is the World that bad?
        • What is the problem with plastic?
        • How can we manage climate change?
        • Earth Day
        • Mitigation and adaptation strategies
        • Protest as a means of change
        • Change maker project
        • Y8: Model United Nations
    • Year 7 Humanities >
      • Year 7 Geography >
        • Biomes
        • Microclimate Investigation
        • How did the impacts of the Haiti and Japanese earthquake compare?
        • Topic 2 Migration
        • Geography in the news
      • Year 7 History >
        • 1. The Ancient World >
          • a. Prehistoric Life >
            • Middle School History
          • b. Egypt or Rome? >
            • Historical Enquiry - Comparing Ancient Societies
            • Ancient Egypt
            • Ancient Rome
          • Assessment
        • 2. The Medieval World >
          • "Muck and Misery" Investigation
          • Medieval Guidebook Assessment
          • Medieval Baghdad
        • 3. The American West >
          • Native American Culture
          • The First Settlers
          • Pioneers
          • Cowboys and cow towns
          • Impact of settlement on the Native Americans
          • Assessment
        • 4. The Industrial World >
          • The Urban Game
        • 5. Civil Rights
        • 8 . Digital Library
  • HS Geography
    • IB Geography >
      • Introduction to IB Geography
      • Paper 1- Geographic Themes >
        • Urban Environments >
          • Urban sections 1-3
          • Sustainable Cities
        • Leisure, sport and Tourism >
          • Introduction to Leisure, sport and tourism
          • A global sporting event- The Olympics
          • Managing Rural Tourism Hotspots
          • Managing urban tourism hotspots
          • Tourism as a development strategy
          • Sustainable tourism
          • Variations in Sphere of Influence
          • The impact of Rural festivals
        • Geophysical Hazards >
          • Earthquakes
          • Volcanoes
          • Landslides
      • Paper 2: Geographic perspectives >
        • Changing populations >
          • Population density
          • Processes of population change >
            • Megacities
            • Forced migration
          • Possibilities of population change >
            • Aging population
            • Population policies
            • Gender Equality
            • Human trafficking
            • Demographic dividend
          • Debate: Should the UN curb population growth?
          • Population revision
        • Global Climate - Vulnerability and Resilience >
          • The causes of global climate change
          • Impacts of climate change
          • ​Disparities in exposure to climate change risk and vulnerability
          • GOVERNMENT LED ADAPTATION AND MITIGATION STRATEGIES
          • Civil society and corporate strategies to address climate change
        • Global resource consumption and security >
          • Global trends in consumption >
            • GLOBAL AND REGIONAL/CONTINENTAL PROGRESS TOWARDS POVERTY REDUCTION.
            • Measuring trends in global consumption
            • Patterns and trends in the availability and consumption of water
            • Global patterns and trends in the availability and consumption of land/food
            • Global patterns and trends in the availability and consumption of energy
          • Nexus thinking >
            • Two countries with contrasting levels of resource security...
            • Waste disposal and recycling
          • Resource Stewardship >
            • Divergent thinking about population and resource consumption trends
            • The circular economy
        • Infographics
      • Paper 3: Global Interactions >
        • Power, place and networks >
          • Global networks and flows
          • Global Interactions & Global Power
          • Human and physical influences on global interactions
        • HUMAN DEVELOPMENT & DIVERSITY >
          • Development opportunities
          • Changing cultures and identities
          • Cultural Hybridity
          • Local responses to global interactions
        • Environmental risks
        • Geopolitical and economic risks
      • IB Revision- mocks 2021
      • IB Revision
      • Internal Assessment
      • Extended Essay in Geography
    • New IGCSE Edexcel Geography >
      • Paper 1 - Physical Geography >
        • Hazardous Environments
      • Paper 2 - Human Geography >
        • Urban Environments
        • Economic Activity and Energy
        • Fragile Environments and Climate Change
    • IGCSE Geography >
      • Population and Settlement >
        • Population >
          • Why is population growing?
          • Population density and distribution
          • Over and Under population
          • Dependent populations
          • Population policy: One Child policy China
          • HIV and AIDs
          • Migration
          • Population revision
          • Debate: Should the UN curb population growth?
        • Settlement >
          • Settlement and service provision
          • Urbanisation
      • Natural Environment >
        • Earthquakes and Volcanoes >
          • Plate tectonics
          • Case study of a volcano: Montserrat
          • Haiti Earthquake
          • Why do people live in hazardous areas?
          • Tectonics revision
          • REVISION- WHAT HAPPENS AT TECTONIC PLATES?
        • Rivers >
          • Hydrological characteristics and processes
          • River Landforms
          • Benefits and threats of rivers
          • Management of rivers: Hard and Soft engineering
          • Rivers revison
        • Coasts >
          • Coastal processes
          • Coastal management
          • Different coastal environments
          • Mangroves
          • Hurricanes- cyclone Alia, Bangladesh
          • Hurricanes- Hurricane Harvey
          • Coasts revision
          • Coastal skills
        • Weather and Climate >
          • Weather measurements
          • The Tropical Rainforest Ecosystem
          • Deserts
          • Climate and vegetation revsion
      • Economic Development >
        • 3.1 Development
        • Industry
        • Globalisation
        • Food production
        • Water
        • Tourism
        • Energy
        • Environmental risks of economic development
        • economic development revision
      • Geographical Enquiry
      • Paper 2 Geographical Skills
      • Paper 4: Fieldwork paper
      • IGCSE Revision
      • IGCSE Revision for mid course assessments April 2021
      • Paper 1: Knowledge paper revision for mocks 2022
  • HS Economics
    • IB ECONOMICS TEACHER PAGES >
      • Activity Styles
    • Year 10 >
      • 1.0 THE BASIC ECONOMIC PROBLEM
      • 2.0 HOW MARKETS WORK AND MARKET FAILURE
      • 3.0 THE INDIVIDUAL AS PRODUCER, CONSUMER AND BORROWER >
        • 3.3 Workers
        • 3.4 Firms
        • 3.5 Small firms and causes and forms of the growth of firms
        • 3.6 Economies and diseconomies of scale
        • 3.7 Firms costs, revenues and objectives
        • 3.8 Firms and Production
        • 3.9.5 Monopoly Markets
      • REVISION OF UNITS 1, 2 AND 3
      • SUMMER LEARNING
    • Year 11 >
      • 4.0 THE ROLE OF GOVERNMENT IN AN ECONOMY >
        • 4.1 Introduction to Macroeconomics
        • 4.1.1 The Role of Government
        • 4.2.1 Macroeconomic Aims of Government
        • 4.2.3 Economic Growth
        • 4.7 EMPLOYMENT AND UNEMPLOYMENT
        • 4.8 INFLATION
        • 4.4.0 FISCAL POLICY
        • 4.4.1 MONETARY POLICY
        • 4.1.2 SUPPLY-SIDE POLICIES AND MACROECONOMICS REVISION
      • 5.0 ECONOMIC DEVELOPMENT >
        • Top Trumps: Economic Development
        • 5.1 DIFFERENCES IN ECONOMIC DEVELOPMENT
        • 5.3.1 POVERTY
        • 5.3 POPULATION
      • 6.0 INTERNATIONAL ASPECTS >
        • 6.2 ​GLOBALISATION, FREE TRADE AND PROTECTION
        • 6.3 EXCHANGE RATES AND THE CURRENT ACCOUNT
      • iGCSE Economics Revision Sessions - May 23rd to June 1st
      • Revision Support
    • Year 12 >
      • 1. Introduction to Economics
      • 2. Microeconomics >
        • 2.A. COMPETITIVE MARKETS: DEMAND AND SUPPLY >
          • HL Demand FE 2022
        • 2.B.ELASTICITIES
        • 2.C.GOVERNMENT INTERVENTION >
          • INQUIRY: EVALUATE THE EFFECTIVENESS OF GOVERNMENT INTERVENTION IN ACHIEVING SDG 12: RESPONSIBLE CONSUMPTION AND PRODUCTION
          • HL 2020 Government intervention
        • 2.D.MARKET FAILURE >
          • To What Extent Does the American Health Care Market Represent a Market Failure?
        • HL: RATIONAL PRODUCER BEHAVIOR
        • 2.E.THE THEORY OF THE FIRM 1: PRODUCTION, COSTS, REVENUES, AND PROFIT HL
        • 2.F.THE THEORY OF THE FIRM II: MARKET STRUCTURES HL
        • Real World Examples: Theory of the Firm
      • 3. Macroeconomics >
        • 2A. THE LEVEL OF OVERALL ECONOMIC ACTIVITY
        • 2B. AGGREGATE DEMAND
        • 2C. AGGREGATE SUPPLY
        • THE MULTIPLIER (HL)
        • INFLATION
        • THE PHILLIPS CURVE (HL)
        • LOW UNEMPLOYMENT
        • EQUITY IN THE DISTRIBUTION OF INCOME
        • ECONOMIC GROWTH
        • OVERVIEW OF DEMAND-SIDE AND SUPPLY-SIDE POLICIES
        • FISCAL POLICY
        • MONETARY POLICY
        • SUPPLY-SIDE POLICIES
      • Exam Papers
      • IA's >
        • IA Marking Exercise
        • Economic Diagrams
      • Extended Essay in Economics
      • SUMMER LEARNING
    • Year 13 >
      • 4. International Economics >
        • 4.A.International trade
        • 4.B.Exchange rates and the balance of payments
        • 4.C.Economics integration and the terms of trade
        • 4.D.Be ambitious resources
      • 5. Development Economics >
        • Understanding Economic Development
        • Topics in Economic Development
        • Foreign sources of finance and foreign debt
        • Consequences of economic growth and the balance between markets and intervention
      • IB Economics - Exams
      • IB ECONOMICS REVISION PAGES >
        • REAL WORLD EXAMPLES
        • Give Me Fives
        • Economics Past Papers
        • Student Video Tutorials
        • Additional Revision Activities
        • 2022 MOCK EXAM
    • Digital library
    • TOK Inspired Economics Page
    • Process for Deciding Economics University Predicted Grades
  • HS History
    • What is History?
    • IBDP History >
      • Pre - IB History
      • Rationale
      • Introductory Tasks
      • Perspectives Blog
      • IB History Revision Sessions - April 6th to May 1st
      • Paper 1 - Prescribed Subject >
        • Military Leaders >
          • Genghis Khan 1200-1227 >
            • Introduction to the Mongols
            • Mongol Historiography
            • Rise to Power
            • Military Might
            • Leadership
            • Campaigns in China and Asia
            • Impact of the Mongols
            • TOK - Genghis
          • King Richard I of England 1173-1199 >
            • Medieval England
            • Richard I - Life before 1189
            • Richard I - Crusader King 1190 - 1193
            • Richard I - Military Leadership
            • Richard - Impact
            • Richard I - Reputation and Historiography
            • TOK - Richard I
          • Paper 1: Rights and Protest
          • Source Skills
      • Paper 2 - World History Topics >
        • Essay Writing Skills - Paper 2
        • Authoritarian States >
          • Theory
          • MCA Feedback and Reflection
          • Hitler >
            • Emergence and rise to power >
              • HOW MUCH HOPE WAS THERE FOR THE SURVIVAL OF THE WEIMAR REPUBLIC 1919-29?
              • HOW DID THE AIMS AND IDEOLOGY OF THE NAZI PARTY DEVELOP BETWEEN 1919-1923
              • HOW FAR DID THE CONDITIONS OF 1929-33CONTRIBUTE TO THE ESTABLISHMENT OF THE NAZI STATE?
              • WHERE DID SUPPORT FOR NATIONAL SOCIALISM COME FROM?
            • Consolidation and maintenance of power >
              • HOW DID HITLER CONSOLIDATE HIS POWER TO CREATE AN AUTHORITARIAN REGIME?
              • WHAT PART DID PERSONALITY AND PROPAGANDA PLAY IN THE CONSOLIDATION OF POWER?
              • WHAT WERE THE MAIN CHARACTERISTICS OF NATIONAL SOCIALIST GOVERNMENT?
              • WHAT WAS THE NATURE AND EXTENT OF OPPOSITION TO NAZI RULE AND HOW WAS IT DEALT WITH?
              • WHAT WAS THE IMPACT OF FOREIGN POLICY ON HITLER'S CONSOLIDATION AND MAINTENANCE OF POWER?
            • Aims and results of policies
          • Mao >
            • Emergence and Rise to Power
            • Consolidation and maintenance of power
            • Aims and results of policies
          • Castro >
            • Castro RTP
            • Castro Establisment and consolidation
            • Castro: Aims and results of policies
          • Policies In Germany and Cuba >
            • Nazi Policies - Aims and outcomes
            • Castro Policies - Aims and Outcomes
        • Independence movements 1800 - 2000 >
          • Ireland - Europe >
            • 1. The origins rise and rise of independence movements >
              • 1.a. WHAT SOCIAL AND ECONOMIC FACTORS LED TO THE DEVELOPMENT OF AN INDEPENDENCE MOVEMENT?
              • 1.b. EARLY INDEPENDENCE CAMPAIGNING - WOLFE TONE
              • 1.c. SOCIAL DIVISIONS WITHIN IRELAND
              • 1.d. ECONOMIC FACTORS
              • 1.e. WHAT POLITICAL FACTORS LED TO THE DEVELOPMENT OF AN INDEPENDENCE MOVEMENT IN IRELAND?
              • f. What external factors were important in creating an independence movement.
            • 2. Methods used and reasons for success >
              • 2. a WHAT METHODS WERE USED IN THE STRUGGLE FOR INDEPENDENCE 1867 TO 1900? >
                • 2.b.​WHY DID THE INDEPENDENCE MOVEMENT SUCCEED?
                • 2.b. WHAT WERE THE ROLES OF MICHAEL COLLINS AND EAMON DE VALERA IN THE STRUGGLE FOR INDEPENDENCE?
                • 2.c.
            • 3. Challenges faced in the first 10 years after independence; and the responses to those challenges. >
              • 3.a.
              • 3.b.
              • 3.c.
              • 3.d.
              • 3.e.
            • IRISH 'BE AMBITIOUS' RESOURCES
          • India - Asia >
            • Origin and rise of the Independence Movement >
              • 1857 and Colonial India
              • The Growth of Nationalism
              • Factors in the rise of the Independence Movement
            • Methods and success of the Independence Movement >
              • Leadership in India
              • Why did India win independence?
            • Challenges facing the newly independent state
          • Cuba - The Americas >
            • origins of Cuban Independence before 1823
      • Paper 3 - History of Europe >
        • THE FRENCH REVOLUTION 1774 TO 1815 >
          • The Enlightenment
          • The Origins of the French Revolution
          • 1789: THE END OF THE ANCIEN REGIME
          • Establishing a Constitutional Monarchy
          • Revolutionary War and overthrow of the Monarchy 1792 - 93
          • Government by Terror 1793-4
          • THERMIDORIAN REACTION AND THE DIRECTORY 1794-9
          • THE IMPACT OF THE REVOLUTION
          • NAPOLEON: CONSULATE AND EMPIRE
          • DIGITAL RESOURCES: FRENCH REVOLUTION
        • Imperial Russia 1854 - 1924 >
          • Alexander II
          • Alexander III and Nicholas I
          • 1905 - Revolution
          • Nicholas II and the impact of the First World War
          • The Revolution 1917
          • Lenin and the Soviet Union
      • Internal Assessment (IA) >
        • Formulating a Question
        • Initial Proposal
        • IA Section 1
        • IA Section 2
        • IA Section 3
        • IA Referencing
        • Marking Exercise
        • Timeline Class of 2018
      • Core >
        • Extended Essay
        • Theory of Knowledge
        • CAS
    • New IGCSE Edexcel History >
      • A1 Origins & Course of WW1
      • B2 Changes in Medicine
      • D3 Weimar & Nazi Germany
    • IGCSE Cambridge History >
      • Revision Checklists
      • REVISION Past Papers >
        • MODEL Paper 1
        • MODEL Paper 2 >
          • MODEL Paper 2: Cold War Causes
          • MODEL Paper 2: Treaties
      • Depth Study A: WW1 >
        • 1. Why was war not over by December 1914?
        • 2. Why was there stalemate on the Western Front?
        • 3. How important were other fronts?
        • 4. Why did Germany ask for an armistice in 1918?
        • WW1 EXAM QUESTIONS
      • Core Content 1: Treaties
      • Core Content 2 & 3: League 20s & 30s
      • Core Content 4 : Blame for Cold War?
      • Core Content 5: Cold War Conflicts
      • Depth Study B: Germany >
        • 1. Was the Weimar Republic doomed from start?
        • 2. Why was Hitler able to dominate Germany by 1934?
        • 3a. How effectively did the Nazis control Germany?
        • 3b. What was it like to live in Nazi Germany?
  • SOCIOLOGY HOME
    • Unit 1: Theory and Methods >
      • How do sociologists study society?
    • Unit 4: Family
    • The story of Power England
  • TEACHER PAGES
    • Mrs Bennett
    • Ms Capper
    • Mr Bish >
      • Teacher Assessment Pages - Comparative Judgements
      • WS
      • Top 10's
      • Book club
      • Profile
      • blog: How can self-directed learning be made visible?
    • Mrs Morgan >
      • Debate: Should the UN curb population growth?
      • Books
      • TV and Films
      • Travel
    • Mr Jones
    • Mr Skerry
    • Contact
  • LEADERSHIP ENRICHMENT
    • Year 9 - Leadership Enrichment >
      • Leadership Styles
      • Planning an Event - The Music Festival >
        • Decision 1 - What is our Vision?
        • Decision 2 - The Line Up
        • Decision 3 - Event Planning
        • Decision 4 - Event Organisation
        • Decision 5 - Advertising
        • Decision 6 - Final Costings
        • Decision 7 - Our Pitch
      • Review and Reflection
  • GLOBAL JUSTICE LEAGUE OF BISH
    • GLOBAL CITIZENSHIP IGCSE >
      • Theme 1: Politics and Governance
      • Theme 2 - Economic development and the environment
    • BIS Houston MUN - April 6th-8th 2022
    • 2023 ​TEXAS STATE MOCK TRIAL COMPETITION TEAM
    • ORGANISORS PAGE BISHMUN 2022
    • TED X CONFERENCE 2022
  • YEAR 9 ​ENRICHMENT: ​GENERAL ASSEMBLY: ​CLIMATE CHANGE
  • History Digital Research Library
  • New Page
  • Week 10 - Dealing with Conflict