Jan 22 2009
AP/IB Econ Study Guides & Lecture Notes
Note: The lecture notes and study guides below will NOT be updated for the new IB Econonomics syllabus. However, I am working on a project that will provide a complement the pdf study guides in the near future. If you have not yet visited The Economics Classroom, please give the site a try. I have been producing video lessons covering the entire AP and IB Economics syllabuses. Along with the videos are practice and review activities.
I am in the early stages of developing these resources into an application for SMART Phones, which in the future will be available in the Apple App Store and in the Android Market. But for now, all resources are available for free through the above website.
FREE PREVIEWS:
- PowerPoint Lecture Notes - Unit 3.3 Macroeconomic Models
- SMART Notebook Lecture Notes - Unit 3.3 Macroeconomic Models
- pdf Study Guides – Unit 3.3 Macroeconomic Models
For questions, email me at welkerswikinomics@gmail.com
Welker’s Wikinomics Lecture Notes/ Study Guides are written specifically for the Advanced Placement and International Baccalaureate Economics syllabuses. They were made with the goal of making the the concepts from these courses comprehensible to a high school economics student, striving for clarity and focus and emphasizing diagrammatic analysis of concepts from each Economics unit.
- What do you get? Each unit follows a section of the IB and AP Economics syllabus and includes between 15 and 50 slides, depending on the size of the unit. The slides include full color diagrams, detailed definitions, examples of the economic concepts covered, and hyperlinks to online resources to support teacher and student learning, including links to posts on this blog relating to the topics from the syllabus.
- How were they made? The lecture notes were all originally created using the SMART Notebook software, but I have exported them to PowerPoint 2007 and PowerPoint 1997-2003, meaning you do not need to have a SMART Board to use my lecture notes as a teacher. When placing your order, be sure to indicate which file format you require. With the original files, you have the right to edit, re-arranged, enhance or improve the lectures for use in your own Economics classes in whatever manner you wish.
- What’s the difference between the Lecture Notes and the Study Guides? The Study Guide versions are pdfs, which means they cannot be edited, re-formatted or otherwise used by a teacher for in-class instruction. The Study Guides are best suited for students’ use in preparation for unit tests in AP and IB Economics as well as the external examinations in May.
- How do I get them? All of my resources can be ordered from this page. Once your order is processed, I will send you the files you requested as quickly as possible (usually in the same day you place your order).
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Ordering the AP and IB Economics Lecture Notes
Welker’s Wikinomics Lecture Notes are available in the following “bundles” and and at the following prices. Click on the “Buy Now” button to order one of the bundles below. Once your payment is processed, I will send you the files you have ordered as soon as possible. Please indicate in your order form which file format you require: SMART Notebook or PowerPoint.
If you have any trouble completing your order, please do not hesitate to email me at welkerswikinomics@gmail.com
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AP Microeconomics Lecture Note Bundle - $50
AP Macroeconomics Lecture Note Bundle – $45
AP Micro and Macroeconomics Lecture Note Bundle (for the combined course) – $85
IB Economics Higher Level Lecture Note Bundle – $95
IB Economics Standard Level Lecture Note Bundle – $75
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Ordering the AP and IB Economics pdf Study Guides – Only $1 each!
FREE PREVIEW: Unit 3.3 Macroeconomic Models
My study guides cover every unit of the AP Economics and IB Economics course. They include hundreds of full color graph, detailed definitions, examples of various economic theories, and links to online resources including posts from this blog relating to every topic in the course. My study guides are priced fairly at only $1 per unit.
You may order study guides by entire sections or one unit at a time. Place the bundle or the individual study guides you wish to order in your cart. Once you’ve checked out, I will send you your requested study guides quickly, ususally in the same day your order them.
Order study guide bundles:
All the IB/AP Economics Study Guides – $20
All AP Microeconomics Study Guides- $10
All AP Macroeconomics Study Guides- $9
All IB SL Economics Study Guides – $15
All IB HL Economics Study Guides – $19
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Order individual study guides:
Introduction to Economics:
Unit 1: Introduction to Economics – $1
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Microeconomics:
Unit 2.1 Supply, Demand and Equilibrium – $1
Unit 2.2 Elasticities – $1
Unit 2.2.1 Theory of Consumer Behavior (AP only) – $1
Unit 2.3.1 Costs of Production – $1
Unit 2.3.2 Pure Competition – $1
Unit 2.3.3 Pure Monopoly – $1
Unit 2.3.4 and 2.3.5 Monopolistic Competition and Oligopoly – $1
Unit 2.4 Market Failure and the Role of Government – $1
Unit 2.5 Resource Markets (AP Only) - $1
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Macroeconomics:
Unit 3.1 and 3.2 Macroeconomics Indicators and Introduction to Economic Development – $1
Unit 3.3 Macroeconomic Models – $1
Units 3.4 Supply and Demand-side Policies – $1
Unit 3.5 and 3.6 Unemployment/Inflation and Distribution of Income – $1
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International Economics:
Units 4.1 and 4.2 Reasons for Trade and Free Trade vs. Protectionism – $1
Units 4.3 and 4.4 Economic Integration and the WTO – $1
Unit 4.6 Exchange Rates – $1
Units 4.5, 4.7 and 4.8 Balance of Payments – $1
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Development Economics:
Units 5.1-5.3 Sources of and Obstacles to Growth and Development – $1
Units 5.4 and 5.5 Growth and Development Strategies – $1
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[...] and International Baccalaureate Economics. By following the link at the top of this blog for “W.W. Study Guides” you will find a page with free .pdf versions of colorful, interactive, hyperlinked study guides [...]
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we are unable to open the free pdf download pages for any of the units. Nothing came up when we click the bookmark for the units.
thank you
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Hi Irene.
Try right clicking and choosing "save target as" then saving the files to your computer. The files will then download and you can open them from on your computer. You may be trying to view them in your browser, which sometimes doesn't work too well, particularly if you're using Explorer. The links should work, they do for others.
Jason
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good stuff
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Please let me know the answer for this question
What is the general goal of monetary policy?
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Hi Sana,
Interesting question. I teach that the general goal of all macroeconomic policy, both fiscal and monetary is threefold: 1) price level stability, 2) full employment and 3) economic growth.
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What are the goals for easy money policy?
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The three basic ways in which trade between nations contributes to higher living standards
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Just wanted to say a big thank you to Jason and the rest of the team for a fantastic resource. I'm working in the international field and it's wonderful to have so much info online. Great work fellas!
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How do you know when to draw the lines curved or straight in aggregate supply and demand graphs?
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Hi Lilly,
Good question. It depends on how your teacher taught you to draw the lines. I teach my students that SRAS is curved, relatively flat below full employment and relatively steep beyond full employment. I also teach them to draw a vertical long-run AS curve at the full-employment level of output. This represents where the nation would produce if all resources were fully employed (corresponds with the nation's PPC). AD I simply draw as a straight downward sloping line, no curve to it.
Hope that helps!
Jason
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Thank you very much, very helpful.
Will greatly help my revision.
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Hey!
Loving the blog. You make economics so much more interesting with real life examples.
Anyway, I'm still a little confused with why price elasticity of demand varies at every level in a straight line demand curve. "It is wrong to say that price elasticity is constant". BUT WHY? Mathematically, PED is %change in q/ % change in P, which means it is replica of dy/dx, which calculates the gradient. But the gradient does not change when it is in a straight line.
I just find it a little weird.
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Thanks – love the section on comparative advantage – very concise
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Congratulations Welker. Of course my book might not sell as well now. But, hell, competition is efficient.
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Hey! A big thank you to the people at welkers economics blog for making information more available and accessible!
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Thank you for this exellent resource as a general topic for economics
Please is there any lecture notes of ENVIRONMENTAL ECONOMICS available and accessible?
I appreciate your help
Looking forward for your reply
Thank you
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Hi Muna.
In fact, Environmental Economics is covered in our course… if only on the surface. You should download the study guide for Unit 2.4 – Market Failure. This unit discusses pollution, global warming, environmental protection, although in the context of negative externalities.
You may also explore the "Environment" category on this blog, I have written several posts over the years relating to the environment. http://welkerswikinomics.com/blog/category/enviro…
Enjoy! – Jason
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Hi! i wana find asupply/demand diagram for kidneys i have no idea how to draw one
thank you for this site!
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Hi Bella,
Try downloading the Unit 2.1 study guide. There are loads of supply and demand diagrams in there! To make it for kidneys, simply put the words "kidney market" at the top of the graph! Wualla!
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I would like to purchase the AP Macro and Micro units. To what address should I mail a check or can you take VISA?
THanks Angela Sanders
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amazing notes… really helps..! on behalf of all the students would really like to thank you for this support provided..! thank you so much..! =)
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What text book for economics is followed in your school,currently i am using Alain Granville economics for global perspective
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Thanks a million
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Hey
Just wondering where the terms of trade section went? It's not in the 4.5,4.7 and 4.8 pack even though it's supposed to be there. That pack just ends after Marshall-Lerner and the J-curve :s
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this is amazing, thankyou. i will donate a large sum if i pass HL economics.
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Hey Jason,
Thanks for an incredible resource. I am tech-challenged . . . . So maybe it's just me. . . . But I can't access the Terms of Trade subunit (4.8) or the Sources of and Obstacles to Growth & Development subunits (5.1-5.3). The later generates a message that the file is damaged and cannot be repaired. Any guidance would be greatly appreciated.
Steve
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Hey Mr Welker,
Currently I'm writing an extended essay with a title of "To what extent has the construction of a 1.5km boulevard affected the overall house prices in surrounding areas". I'm stuck on it and have no clue what to do.
I clearly understand that I should talk about demand and supply side factors which could possibly be the reason of house price fluctuation. However there are so many of those factors that I cannot prioritise them according to their level of importance or even relevance to my chosen title.
Any help/guidance will be very much appreciated.
Thanks in advance
N.M
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As an IB student, I would like to know :
1. Is Lecture Notes more suitable for teachers ?
2. As an IB economics student , which set is suitable for me: study guides or Lecture Notes?
Thanks!
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[...] Economics in Plain English IB Economics notes in pdf format. [...]
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IB schools in mumbai The educational program such as IBO International Baccalaureate Organization provides great foundation towards the career of the children from the very early stage of life and most IB schools in Mumbai are adopting it.
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[...] Welker’s Wikinomics [...]
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[...] AP/IB Econ Study Guides & Lecture Notes [...]
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[...] AP/IB Econ Study Guides & Lecture Notes [...]
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Hi, Mr. Welker, I would like to know when you're going to add the new study guides (2013 syllabus based)? Thanks!
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My site, textbooksfree.org would like help in relation to a $1,000 AP Economics scholarship essay contest.
Interested? Contact antonw@ix.netcom.com
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It’s funny you should write about this as I was just thinking about it the other day. You have depicted my own thoughts exactly.
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