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ÌÇÐÄVlog

Last updated

28 March 2026

pdf, 227 KB
pdf, 227 KB
pdf, 183.2 KB
pdf, 183.2 KB

This lesson brings demand and supply together to establish competitive market equilibrium. Anchored in the Glastonbury festival ticket market, students explore how prices adjust to clear markets, how excess demand and excess supply are resolved through the price mechanism, and why the equilibrium price maximises social welfare.
The CBCI progression moves from factual skills (drawing the equilibrium diagram, identifying consumer and producer surplus) through conceptual understanding (explaining the three functions of the price mechanism — signalling, incentive, and rationing — and why allocative efficiency occurs at equilibrium where MB = MC) to transferable application.
What is included:
Student resource (.pdf): 80-minute structured lesson with Glastonbury hook, pair and small group collaborative tasks, diagram construction, surplus analysis, and Individual Application.
Teacher guide (.pdf): CBCI framework, model responses for every task including HL consumer and producer surplus calculations, common errors, probing questions, ATL integration, and bridge to 2.4.
Syllabus alignment: 2.3 Competitive Market Equilibrium — AO2, AO4. Covers: market equilibrium diagram, excess demand and excess supply, price mechanism functions (signalling, incentive, rationing), consumer and producer surplus, social/community surplus, allocative efficiency at equilibrium. HL: calculation of consumer and producer surplus from a diagram.
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Get this resource as part of a bundle and save up to 34%

A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.

Bundle

IB Economics Unit 2 Complete Lesson Bundle | CBCI

IB Economics Unit 2 Microeconomics — Complete Lesson Bundle | 18 Student Lessons & Teacher Guides (SL & HL) Unit 2: Microeconomics is the largest and most technically demanding unit in the IB DP Economics course. This bundle gives you every lesson, fully built, from 2.1 Demand to 2.12 The Market’s Inability to Achieve Equity — each one structured to the same pedagogical standard, written to IB examiner precision, and ready to teach without adaptation. Each of the 18 lessons includes a Student Lesson Document and a Teacher Guide. Nothing is left for you to fill in. ———————————————————— WHAT EACH LESSON CONTAINS ———————————————————— Student Lesson Document • A real-world hook scenario that makes the economics feel urgent and relevant • Phased collaborative tasks structured for active inquiry • Diagram precision checklists — specific, checkable criteria for every diagram the syllabus requires • Differentiated individual application options (one analytical, one evaluative) • A conceptual takeaway — a paragraph-length statement connecting the lesson to the transferable ideas of the course, with a one-sentence student response prompt Teacher Guide • Full CBCI framework table (factual / conceptual / transfer levels mapped to lesson tasks) • Model responses for every student task — what a top-band answer actually looks like • Teaching notes explaining the purpose of each phase and common student misunderstandings • Probing questions mapped to specific student errors — what to ask when you see the mistake • Common errors section with precise corrections • ATL (Approaches to Teaching and Learning) notes • Bridge from previous lesson and bridge to next lesson — so every lesson connects explicitly to the sequence ———————————————————— SYLLABUS COVERAGE ———————————————————— 2.1 Demand 2.2 Supply 2.3 Competitive Market Equilibrium 2.4 Critique of Maximising Behaviour (HL) 2.5 Elasticity of Demand 2.6 Elasticity of Supply 2.7 Role of Government in Microeconomics 2.8 Market Failure — Externalities & Common Pool Resources 2.9 Market Failure — Public Goods 2.10 Market Failure — Asymmetric Information (HL) 2.11 Market Failure — Market Power (HL) 2.12 The Market’s Inability to Achieve Equity (HL) HL-only content is clearly identified throughout. SL teachers will find every SL lesson complete and usable without modification. ———————————————————— PEDAGOGICAL APPROACH ———————————————————— These lessons are designed for active, discussion-driven classrooms where students engage in structured collaborative tasks and the teacher facilitates rather than delivers. The structure follows Lynn Erickson’s Concept-Based Curriculum and Instruction (CBCI) framework, moving students from factual knowledge through conceptual understanding to genuine transfer. This is not a set of slides for students to copy. It is a pedagogical system for teaching economics with rigour and depth. ———————————————————— PRICING ———————————————————— Individual lessons are available separately at £4 each. This bundle represents a saving of over 30% against buying all 18 lessons individually. Suitable for: IB DP Economics SL and HL — First Assessment 2022 syllabus.

£49.99

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