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Unit 2.5-2.6: Elasticity

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  • Units 1-2: Microeconomics/
  • Unit 2.5-2.6: Elasticity

Links to pages with lesson plans for unit 2.5-2.6 

This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the microeconomics unit, 2.5-2.6: Elasticity.  

Typically each lesson plan includes resources to use on an interactive whiteboard and worksheets to print. The pages have full student access to give maximum flexibility to the teacher and the student. There are theoretical notes for extended reading and teacher notes at the top that provide timing information lesson objectives and activity instructions.

Unit 2.5-2.6 activities

Short cuts to this units pages can be accessed directly at:

Assessment map

This page provides a map of the various assessments included in the unit, including short answers responses, essays and areas for discussion. I have included a section A and section B blank essay template...

Unit 2.5: Price elasticity of demand

Until now your students will have largely worked on the assumption that demand is linear and that the relationship between selling price and quantity demanded was the same or at least similar for most...

Unit 2.5: Income elasticity of demand (YED)

This lesson focuses on the third type of elasticity in economics - income elasticity of demand or YED. I find that many IB students will confuse this concept with price elasticity of demand. You will...

Income elasticity of demand revision sheet

This page includes a short, relatively straightforward revision exercise that you can distribute to your classes to complete either in class or at home. I generally give this to my classes, have them...

Unit 2.6: Price elasticity of supply

This lesson focuses on the price elasticity of supply. You will have already established that there is a direct relationship between the price of a product and the level of quantity supplied. However,...

A mathematical note about elasticity

Some of your students may question you about the shape of the demand and supply curves. In IB economics we always assume that demand and supply curves are drawn as a straight line. It is important that...

Demand and supply crossword

Let your classes enjoy this revision crossword, perfect for a Friday afternoon or the last week of term. Students can have fun and learn at the same time with this exercise - answers included.

Types of elasticity practise

This page provides revision practise for the different types of elasticity - price elasticity of demand, price elasticity of supply, income elasticity of demand and cross price elasticity of demand. Elasticity...

Unit 2.5-2.6: Review terms

I have included this page, which contains a PDF handout as a simple revision exercise. I find that many IB students get a degree of comfort from these short summary handouts.Available as a PDF file at:...

Unit 2.5-2.6: Multiple choice quiz

Available as a PDF file at: Elasticity