Common access resources and the threat to sustainability
Cap and trade schemes: http://www.stuffyoushouldknow.com/podcasts/whats-the-deal-with-carbon-trading/
Use p147-153 Blink/Dorton plus handout from Welker text to fill in document I will give you to address the above objectives.
When we finish this you will have your first try at writing a long essay (IB Paper 1). You will do this in class as an open book test (formative assessment).
Tips for writing long essays:
Below is the (very) short version. I have shared a 13 page document on essay writing and, in particular, evaluation (also useful for Paper 3(d) and Internal Assessment here: LINK TO LONG ESSAYS AND EVALUATION
Part (a) resembles a short essay question and, as such, you are encouraged to define key terms, provide examples, and illustrate theory with an appropriate diagram. Remember to use the diagram in your answer. Don’t just stick it on at the end!
Part (b) invites you to use the skill of evaluation. Evaluation is a higher order skill and is a process that involves the careful consideration of a topic or issue, with a view to forming a balanced conclusion. There are various approaches to evaluation:
Part (a) is worth 10 marks and should take 18 minutes.
Part (b) is worth 15 marks and should take 27 minutes.
And don't forget to check out the video below starring Vincent Chase from Entourage :)
Use p 139-141 to do the following:
The meaning of externalities
You will be given a packet of resources that we will use to address these objectives. It is really important to learn to draw and use the graphs properly so practise these.
There are lots of real life examples of externalities of production and consumption and it is an excellent topic to do an IA on... you should be reading newspapers looking for good articles!
Teacher of IB Economics at the American School of Budapest