Jan 22 2009

Economics Study Guides

Published by Jason Welker

Welker’s Wikinomics Study Guides

Welker’s Wikinomics Study Guides are written specifically for the Advanced Placement and International Baccalaureate Economics syllabuses. They are written 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. The study guides can be downloaded for free below, but if you wish to make a donation to help support the cost of maintaining this website, it would not go unappreciated!

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How to order the original lecture note files:

If you wish to use the lecture notes below in your own class, you can now order them in either PowerPoint or SMART Notebook format. With the original files, you will have the ability to edit, re-arranged, enhance or improve the original lectures to use in your own Econ classes as you like. If you are interested in ordering the SMAR Notebook or PowerPoint versions of the lessons below, please contact me at: welkerswikinomics@yahoo.com

The units are available in the following “bundles” and prices. In your email, please indicate which bundle you’d like to order and I will send you a payment request for the appropriate amount. Once your payment clears, you will receive the bundle of units within 24 hours.

  • AP Micro: 10 units – $50
  • AP Macro: 9 units – $45
  • AP Micro and Macro: 17 units – $85
  • IB Econ HL: 19 units – $95
  • IB Econ SL: 16 units – $80

Creative Commons License
Welker’s Wikinomics Lecture Notes by Jason G. Welker is licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.

If you do not wish to order the originals, please consider making a donation to welkerswikinomics@yahoo.com on PayPal.

FREE .pdf study guides for AP and IB Economics:

To save the study guides to your computer, right click on the link and select “Save Target As…” in Explorer or “Save Link As…” in Firefox.

Introduction to Economics:

Microeconomics:

Macroeconomics:

International Economics:

Development Economics:

Donations appreciated!

22 responses so far, join the discussion!

22 Responses to “Economics Study Guides”

  1. # 2009 AP and IB Economics study guides ready for download | Newsamion 23 Jan 2009 at 5:00 am

    [...] 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 [...]

  2. # ireneon 13 Feb 2009 at 6:32 am

    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

  3. # Jason Welkeron 13 Feb 2009 at 6:43 am

    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

  4. # russellon 16 Feb 2009 at 10:23 pm

    good stuff

  5. # Sanaon 09 Mar 2009 at 9:20 am

    Please let me know the answer for this question
    What is the general goal of monetary policy?

  6. # Jason Welkeron 09 Mar 2009 at 3:32 pm

    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.

  7. # sanaon 09 Mar 2009 at 11:58 pm

    What are the goals for easy money policy?

  8. # sanaon 30 Mar 2009 at 2:37 am

    The three basic ways in which trade between nations contributes to higher living standards

  9. # Patrickon 27 Apr 2009 at 4:32 pm

    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!

  10. # Lillyon 13 May 2009 at 10:53 am

    How do you know when to draw the lines curved or straight in aggregate supply and demand graphs?

  11. # Jason Welkeron 13 May 2009 at 2:43 pm

    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

  12. # Alexander Christenon 19 May 2009 at 4:45 pm

    Thank you very much, very helpful.
    Will greatly help my revision.

  13. # Johnnyon 25 Jul 2009 at 11:13 pm

    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.

  14. # Cathleenon 17 Aug 2009 at 11:32 pm

    Thanks – love the section on comparative advantage – very concise

  15. # philipon 31 Aug 2009 at 10:24 pm

    Congratulations Welker. Of course my book might not sell as well now. But, hell, competition is efficient.

  16. # Chua Hsieh Lion 07 Sep 2009 at 8:16 pm

    Hey! A big thank you to the people at welkers economics blog for making information more available and accessible!

  17. # Munaon 25 Sep 2009 at 11:27 am

    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

  18. # Jason Welkeron 25 Sep 2009 at 1:58 pm

    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/environment/

    Enjoy! – Jason

  19. # Bellaon 29 Sep 2009 at 12:01 pm

    Hi! i wana find asupply/demand diagram for kidneys i have no idea how to draw one
    thank you for this site!

  20. # Jason Welkeron 29 Sep 2009 at 2:49 pm

    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!

  21. # Angela Sanderson 01 Oct 2009 at 11:19 pm

    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

  22. # Marcoon 13 Feb 2010 at 4:40 pm

    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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