The 99 Best Economics Resources


Essential resources for IB Economics

The IB Course Companion is written specifically for this course. It is very readable and easy to understand. The Economics for the IB Diploma book is also very good. It’s perhaps a little more comprehensive.

IB Economics Websites

Welker’s Wikinomics - A website created by an IB economics teacher containing useful IB lecture notes as well as a blog Tutor2U - A resource for AS, A2 and IB economics revision Biz/ed - A general resource for learning economics, listed by topic. Essentials of Economics - Summaries, online quizes and case studies relating to the textbook “Essentials of Economics” Economic Policy Debate - Is a place for online debates regarding current controversial ideas in economics. For IB Econ students, it’s a good place to review key concepts and evaluate. Vizala.com - Has a lot of great economics data. It's a database for country, demographic, social, and economic information.  

Videos

Khan academy has produced some great videos on MicroeconomicsMacroeconomics, and current issues in Econ Highly recommended Some really good video lessons from EconClassroom.com Paj Holden's YouTube page is also full of great IB Econ-specific videos Econ Stories - A funny rap video showing the different economic philosophies of Keynes and Hayek

Podcasts

  • Planet Money. One of my favourite podcasts. They do a great job of making sense of complicated concepts. Very entertaining. (Just add it to your podcasts in iTunes). Highly recommended
  • The Economist Magazine - Editor’s Highlights. Useful if you don’t have time to read the Economist. Key sections of the weekly audio edition are read to you. (Just add it to your podcasts in iTunes).
  • Motley Fool Money is a stock exchange podcast, but it is a rich source of insights. Very intelligent and easy to listen to.

Articles, Blogs and Blog Posts

Some student notes on the IB Economics course, by section. Not the best notes in the world, but useful for a quick review. Paul Krugman’s Blog “The Conscience of a Liberal” - A blog written by the Nobel Laureate, from a Keynsian perspective. Definitely worth a read a read a few times a year. My own blog is pretty good too. Especially useful are the following posts on Econ: Evaluation in Economics, Extended Essays in Economics

Internal Assessment (IA)

A quick primer on the IB Economics IA. The basics. Worth reading to make sure you're clear on the requirements. Highly recommended

Extended Essay (EE)

The 4 Questions You Need to Answer at the Start of Your Extended Essay process. Avoid common mistakes and set yourself up for a successful Extended Essay. Extended Essays in Economics. Andrew McCarthy’s post on EE’s in Economics An excellent example of an Economics Extended Essay, from a student in Hong Kong.

IB Economics Research Resources

Gapminder is a great source for statistics and videos explaining the state of the world. Highly recommended The Economist - Arguably the most influential and important publication in the world Asian Development Bank - Economics and statistics resources of the multilateral, Asian-oriented development finance institution that promotes economic and social progress Bank of England - The website of the Bank of England, the UK’s Central Bank CIA World Factbook - An online resource on the history, people, government, and economies of every country in the world. Economic Commission for Latin America and the Caribbean - The UN’s Economic Commission for Latin America and the Caribbean. Some very interesting real life examples. Federal Reserve - The website of the US Federal Reserve, the central bank of the United States Goldman Sachs’ Global Economic Outlook - Global economic research put out by one of the leading investment banks, Goldman Sachs International Monetary Fund - The website of the International Monetary Fund - the “central banker’s central bank” UN human Development Reports - The website of the UN’s Development Program World Bank - The website of the world bank, the world’s pre-eminent (and often controversial) development bank World Trade Organization - The World Trade Organization’s website, containing a wealth of economics research and information

Useful Links and Videos by Topic

Microeconomics

Video - An introduction to opportunity cost. (From Paj Holden) Video - An explanation of the Production Possiblity Curve (aka the Production Possibility Frontier). From (Bryn Jones) Video - Watch a quick clip on oil scarcity Flash - An interactive lesson on types of economies. (Watch out though, they've done the spectrum diagram backwards to the way we do it). (From www.cba.edu.kw) Video - A documentary on the financial crisis (From PBS). This isn't something we have time to really go into during class. But if you're interested in it, it's a good case study.

2.1 Markets (Supply, Demand and Price Controls)

2.3 Theory of the Firm

2.4 Market Failure

Macroeconomics

Introduction to Unit 3 Test - A very quick overview of the macroeconomic objectives and (some of) the major interventions available to governments. (From Economics Help). Blog - A quick introduction into the differences between Macro and Micro. (From Jason Welker) An hour long documentary about the Crash of 1929 and the similarities to the recession of 2008(From PBS).

3.1 Measuring National Income Video - Stiglitz explaining the limits of GDP as a measure for economic achievement. It's interesting to think about how we measure economic success (i.e very often simply as GDP growth) considerably influences us. Video - A video on the circular flow of income (from Paj Holden, on YouTube) We'll cover this in class, but if you're keen to get ahead, or would like to review, this is a good one. Application - Have some fun with this tool from Gapminder. See what you can learn about all the different indicators and how country's have developed over time

3.2 Introduction to Development Video - A quick lesson on the diffrences between GDP and GNP. (From Paj Holden)

3.3 Macroeconomic Models Video- Here is a video we use in class, on the 5 essential diagrams for AS and AD. It's very good.

3.4 Demand-Side and Supply-Side Policies

3.5 Unemployment and Inflation

International Economics

4.1 Reasons for Trade

4.2 Free Trade and Protectionism

4.4 World Trade Organization (WTO)

4.5 Balance of Payments

4.7 Balance of Payment Problems

4.8 Terms of Trade

Development Economics

5.1 Sources of Economic Growth and Development Web page - A good explanation of the differences between LDCs and MDCs.

5.2 Consequences of Growth

5.3 Barriers to Economic Growth and Development

5.4 Growth and Development Strategies

5.5 Evaluation of Growth and Development Strategies

 

If you know if any great resources to help your fellow IB Economics students, please either email me via the "contact" page or link to them in the comments.