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Holdet DP2 ec SL (2025/26) - Undervisningsbeskrivelse
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Undervisningsbeskrivelse
Stamoplysninger til brug ved prøver til gymnasiale uddannelser
Termin(er)
2024/25 - 2025/26
Institution
Kolding Gymnasium
Fag og niveau
Erhvervsøkonomi -
Lærer(e)
Morten Kjems
Hold
2024 ec SL/i (
2i ec SL
,
DP2 ec SL
)
Oversigt over gennemførte undervisningsforløb
Titel 1
Intruduction and micro economics
Titel 2
Macro Economics
Titel 3
Global economy
Beskrivelse af de enkelte undervisningsforløb (1 skema for hvert forløb)
Titel 1
Intruduction and micro economics
1. Competitive Markets: Demand and Supply
This is the foundation of the unit, focusing on how price is determined by the interaction of buyers and sellers. It covers the laws of demand and supply, market equilibrium, and how changes in determinants (like income or costs) cause shifts in the curves.
2. Elasticities
A critical part of the IB syllabus that measures responsiveness:
PED (Price): How quantity demanded reacts to price changes.
YED (Income): How demand changes with consumer income (Normal vs. Inferior goods).
XED (Cross-price): Relationships between substitutes and complements.
PES (Supply): How producers react to price changes.
3. Role of Government
This section examines why and how governments intervene in markets using:
Price controls: Maximum and minimum prices.
Indirect taxes and subsidies: To influence production or consumption.
4. Market Failure (The "Real World Issue")
The syllabus places heavy emphasis on why markets sometimes fail to achieve allocative efficiency. Key topics include:
Externalities: Negative (pollution) and positive (vaccinations) spillover effects.
Common Pool Resources: Challenges to sustainability.
Public Goods: Goods the private sector won't provide.
5. Rationality and Behavior
A newer addition to the 2020 syllabus is Behavioral Economics. It challenges the traditional assumption that consumers are perfectly rational, introducing concepts like nudges, biases, and bounded rationality.
6. HL Only: Market Structures
Higher Level (HL) students go deeper into the theory of the firm, analyzing different market types:
Perfect Competition, Monopoly, Monopolistic Competition, and Oligopoly.
Market Power: How firms set prices and the consequences of limited competition.
The entire unit is framed by nine key concepts (e.g., Scarcity, Choice, Intervention, and Equity) to ensure you aren't just learning graphs, but understanding the broader implications of economic decisions.
Indhold
Kernestof:
Economics powerpoint intruduction.pptx
description
The Invisible Hand - Full Video
(Production Possibility Frontier/Curve, PPF, PPC) Why can't things be free?
Shifting the Production Possibilities Curve - Macro Topic 1.2 (Micro Topic 1.3)
Economics 4-7 og 10-16.docx
description
Economics 2020 Edition, Ian Dorton and Jocelyn Blink; sider: 10-16, 44-52, 67-78, 80-86, 92-104, 108-113, 127, 129-146, 149-157, 210-219, 223-239
Read fast we work with the pages on class.
The Demand Curve
Change in Demand vs. Change in Quantity Demanded
Make questions. 1- page 44-48 2- 48-52
Demand.
Elasticity of Demand- Micro Topic 2.3
Price Elasticity of Demand
PED
We look at the calculation from last time and finish PED and start looking at YED.
Supply.
We also look at the calculations from last time YED.
Price Elasticity of Supply
PES
Consumer surplus etc.
Read the pages mention above and try and draw the diagrams.
Taxes on Producers- Micro Topic 2.8
Tax Revenue and Deadweight Loss
Subsidies
Darina 12.15
Isabel and Yonatan
Subsidies Explained in One Minute
How Western Subsidies Make Africans Poorer
Farm subsidies are a solution in search of a problem | reTHINK TANK
We sum up on subsidies and do some of the exercises.
Read page 119-124 and practice drawing the diagrams. We go through it on the next lesson.
Price Ceilings: Rent Controls
Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20
Minimum prices
What Are Positive Externalities?
Externalities and Incentives: The Economics of COVID
Positive externalities
What Are Negative Externalities?
Everything you need to know about EXTERNALITIES- Micro Unit 6
Negative externalities
Fisheries Economics & Policy: Individual and Transferable Quotas
Fisheries Economics & Policy: Maximum Economic Yield
Climate 101: Deforestation | National Geographic
Amazon Deforestation - BBC News
The destruction of the Amazon, explained
Bring your book and brain.
What is the tragedy of the commons? - Nicholas Amendolare
The lesson is virtuel. Watch the two videos and do exercise 9.2 on page 141 and bring it with you for the class on Friday.
How do carbon markets work?
Here's what a carbon tax could mean for you | FT
Market Failure.docx
description
What is carbon trading? | CNBC International
A Deeper Look at Public Goods
Asymmetric Information and Used Cars
Asymmetric Information and Health Insurance
Solutions to Moral Hazard
EconMovies #5: Cars (Reupload)
Macro economic objectives(criteria for a good economy) and flow model.
GDP GNP GNI
Business Cycles- Macro Topic 2.7
Business cycle and GDP GNI
Aggregate Demand- Macro Topic 3.1
Economic forecast for Denmark
AD
Aggregate Supply- Macro Topics 3.3 and 3.4
Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
Fight of the Century - Keynes vs. Hayek - Round Two
AS
Skriftligt arbejde:
Titel
Afleveringsdato
PED
22-08-2024
PED 2
28-08-2024
YED
30-08-2024
Market intervention 8.5, 8.6, 8.7
07-10-2024
Omfang
Estimeret: 30,00 moduler
Dækker over: 29
moduler
Særlige fokuspunkter
Væsentligste arbejdsformer
Titel 2
Macro Economics
Why does economic activity vary over time and why does this matter?
How do governments manage the economy and how effective are their policies
Measuring Economic Activity: Students learn to use indicators like GDP and GNI to measure national output, while also exploring their limitations through alternative measures like the OECD Better Life Index or Happiness Index.
Aggregate Demand (AD) and Aggregate Supply (AS): This is the core modeling section where students analyze the economy's equilibrium using both the Monetarist/New Classical and Keynesian perspectives.
Macroeconomic Objectives: The syllabus focuses on primary goals like:
Sustained economic growth.
Low unemployment.
Low and stable inflation.
State budget
Current account.
Equity in the distribution of income.
Sustainability of national debt (Higher Level only).
Economics of Inequality and Poverty: A significant section dedicated to measuring and addressing disparities using tools like the Lorenz curve and Gini coefficient.
Demand-Side Policies: Evaluation of Fiscal Policy (government spending/taxation) and Monetary Policy (interest rates/money supply managed by central banks).
Supply-Side Policies: Analysis of both market-based and interventionist strategies to increase the economy’s productive capacity over the long term.
Throughout the unit, you are expected to apply the nine key concepts—such as Intervention, Equity, and Economic Well-being—to evaluate the trade-offs governments face when trying to achieve these objectives.
Indhold
Kernestof:
EconMovies #5: Cars (Reupload)
Economics 2020 Edition, Ian Dorton and Jocelyn Blink; sider: 210-219, 223-239, 247-249, 257-260, 264, 266-289, 298-305, 313-324, 326-346, 348-353
Macro economic objectives(criteria for a good economy) and flow model.
GDP GNP GNI
Business Cycles- Macro Topic 2.7
Business cycle and GDP GNI
Aggregate Demand- Macro Topic 3.1
Economic forecast for Denmark
AD
Aggregate Supply- Macro Topics 3.3 and 3.4
Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
Fight of the Century - Keynes vs. Hayek - Round Two
AS
We worked with the pages 241-246 on class.
Happy New Year - Bring your brain and book :)
Fiscal policy
Information about the Extended Essay in Economics
description
Monetary policy
Y1 38) Supply Side Policies (Interventionist and Market Based) - With Evaluation
Supply-side policies.docx
description
Supply-side policies.
Unemployment- Macro Topic 2.3
civilian unemployment rate.htm
Unemployment.
What Is Crowding Out?
The Natural Rate of Unemployment - Economics Help
Natural rate of unemployment and crowding out.
Inflation 2023-2025.docx
description
Washington post on inflation.docx
description
Bring your book we read and work with inflation.
Inflation and it's causes.
Why can’t prices just stay the same?
Chronic inflation hits Russia as huge pay increases fuel rising prices.docx
description
Chronic inflation hits Russia as huge pay increases fuel rising prices
How to Structure your IB Economics Internal Assessment
Working with try out commentary.
Read section 5.0 on kognity about Internal assesment.
Read section 5.1 & 5.2 on kognity.
German economy is in 'troubled waters' - ministry
Economic growth.
Inequality in the UK
Explaining Inequality in the UK
Is inequality inevitable?
Understanding the Gini Coefficient
Inequality - Gini coefficient - Lorenz curve
Poverty (1).docx
description
What is Poverty? | Exploring Extreme Poverty with Compassion
The Teen Whose Family Can’t Afford To Buy Food: Professor Green Living in Poverty
Poverty
Big Mac index 2024 | Statista
Poverty - do the questions from last time and finish reading the above pages.
Taxes 2020 edition.docx
description
Dollar Street
See how the rest of the world lives, organized by income | Anna Rosling Rönnlund
Dollar Street - photos as data to kill country stereotypes
Taxation and poverty.
Explore Dollar Street.docx
description
See the lesson last Tuesday.
Finding article for IA.
Diagram
Possible program for drawing diagrames
IA hand-in or feed-back.
We continue working with exampaper 1.
Working on exampaper 1 nov 2022
Paper 2 exam 15 mark evaluation.
We work with the presentations on class and if anybody is ready we do the presentation otherwise we do the presentations next week.
Skriftligt arbejde:
Titel
Afleveringsdato
Try out commentary
05-02-2025
Artikel for IA
07-03-2025
First draft IA nr.1
18-03-2025
Exam paper 1
28-03-2025
Exam paper 2
02-04-2025
IA nr. finale version
11-04-2025
Exam paper 3
09-05-2025
Kognity Exam like Q paper 2 Afganistan
13-05-2025
Omfang
Estimeret: 40,00 moduler
Dækker over: 49
moduler
Særlige fokuspunkter
Væsentligste arbejdsformer
Titel 3
Global economy
Key Thematic Areas:
Benefits of Trade: Why nations trade, focusing on Absolute and Comparative Advantage and the gains in efficiency and consumer choice.
Trade Protectionism: Examining why governments restrict trade using tariffs, quotas, and subsidies, and evaluating the impact on domestic and foreign stakeholders.
Exchange Rates: How currencies are valued in fixed, managed, and floating systems, and how these fluctuations affect a country's net exports and inflation.
The Balance of Payments: Analyzing the Current Account (trade in goods/services) and how persistent deficits or surpluses affect national stability.
Economic Integration: The role of trading blocs (like the EU or USMCA) and the World Trade Organization (WTO) in promoting or hindering global trade.
Economic Development: A deep dive into the difference between growth (money) and development (quality of life). It covers:
Measuring well-being via the Human Development Index (HDI).
Barriers to growth (poverty traps, poor infrastructure).
Strategies for development (foreign aid, microfinance, and trade vs. aid).
Key Concepts:
There is a heavy emphasis on Interdependence—how a crisis in one country ripples across the globe—and Equity, examining the widening gap between developed and developing nations.
Indhold
Kernestof:
Why Do Countries Trade?
Global reactions to Trump’s new round of tariffs
The Atlas of Economic Complexity by @HarvardGrwthLab
Comparative Advantage
Tariffs Explained: Who Really Pays the Price?
Economics 2020 Edition, Ian Dorton and Jocelyn Blink; sider: 365-377, 380-389, 391-401, 404-417, 422-452, 454-519
Subsidies Explained in One Minute
Import Quota - Trade Protectionism
Tariffs vs. Quotas
Spanish red tape (created by Intereconomia Corporación S.A.).
Subsidies & Quotas
Economic integration. We read the pages on class and answer the questions.
Economic integration.docx
description
Episode 38: Trade Blocs
NAFTA explained by avocados. And shoes.
USMCA vs NAFTA, explained with a toy car
European Monetary Union explained (explainity® explainer video)
International Trade- Micro Topic 2.9
WTO (and GATT) Explained
WTO explained
What global trade deals are really about (hint: it's not trade) | Haley Edwards | TEDxMidAtlantic
WTO
Why Different Currencies Have Different Values?
Floating exchange rates
Fixed exchange rates
Managed float exchange rates
Factors underlying changes in exchange rates
Exchange rates.
Exercise : 26.2 til 26.6
Exchange rates
Finish the exercises from last lesson.
Balance of Payments (BOP) Accounts- Macro 6.1
Understanding Balance of Payments
Balance of Payments
Macro: Unit 5.1 -- The Balance of Payments
The Balance of Payments.
Current account impact on the exchange rate.
Working with IA.
IA
Country Overshoot Day 2025 calendar
BIC: Two minutes to understand sustainable development
Red Alert - How to meet the Sustainable Development Goals together | SDG Moment | United Nations
Are We the Last Generation — or the First Sustainable One? | Hannah Ritchie | TED
Sustainable development.
https://www.youtube.com/watch?v=mObNmHwz-UM
https://data.unicef.org/country/gnq/#education
https://hdr.undp.org/data-center/human-development-index#/indicies/HDI
https://www.cia.gov/the-world-factbook/countries/
Measuring progress (1).docx
description
Finish IA.
The lesson is virtual. Continue investigating your developing country or finish your IA.
The Economics of Poverty
10 Surprising And Shocking Facts About Equatorial Guinea.
Money Talks: Equatorial Guinea vice president on trial
Poverty cycles and dependence on the primary sector.
What's the cost of corruption? | CNBC Explains
Corruption index
Why Are Some African Economies Growing and Others Not? | African Economy | Econ
Capital Flight | Barriers to Economic Development
Barriers to development
What is import substitution?
What is Export Promotion? | IB Development Economics | The Global Economy | IB Economics Exam Review
Regional Economic Integration | International Business | From A Business Professor
Import substitution or export promotion.
Foreign Direct Investment Explained
FDI.docx
description
FDI
About Microfinance
A new model of microfinance for Africa, and beyond | Viola Llewellyn | TED Institute
Gender Equality: Sustainable Development Goal 5
Gender equality: the power of change
A Farmer in Africa: Limiting Property Rights
3worldfarmer
Social enterprise and economic development.
Strategies to promote economic growth and development (4).docx
description
Strategies to promote growth.
Skriftligt arbejde:
Titel
Afleveringsdato
Exercise Exchange rates
25-09-2025
IA2 draft
24-10-2025
IA 2
07-11-2025
Omfang
Estimeret: 20,00 moduler
Dækker over: 23
moduler
Særlige fokuspunkter
Væsentligste arbejdsformer
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