1.1+Markets

=__The nature of markets __=

=__ What is a market __=

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Work in pairs and grab a mini-whiteboard for these activities:
 * Student Activity

  

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 * [|Notes and revision test]


 * External links to Supply and demand theory (videos etc)

Student Activity:

 * == Find an article that looks at a price change in a good or service and use Demand and Supply to explain the change ==
 * == Data response exercise P44 (2nd Edt Dorton and Blink) ==

Post your articles here

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= =

=__Resource allocation __= =__Market efficiency __= 
 * <span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Consumer and producer surplus

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 * <span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Revision resource on efficiency in economics

=__<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 18px;">HL Content __=

=<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Demand =


 * <span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Linear demand functions (equations), demand schedules and graphs

=<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Supply =


 * <span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Linear supply functions, equations and graphs

=<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Market equilibrium =

=<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">(Calculating and illustrating equilibrium using linear equations) =

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Another example:

=<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">Calculating Consumer and Producer Surplus =

<span style="font-family: &#39;Trebuchet MS&#39;,Helvetica,sans-serif; font-size: 16px;">[|Revision videos]