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Welker’s Wikinomics

For students and teachers of AP and IB economics.
Welker’s Wikinomics Blog  
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Review Lesson: Econ concepts in 60 seconds – Perfect Competition

Dec 2, 2009
YouTube - ACDCLeadership’s Channel More econ review videos from my new favorite YouTube channel, Jacob Clifford’s Econ Concepts in 60 Seconds. To review for the upcoming test, you will join a small group and watch one of the four videos on the...

Economic growth, the Chinese way

Nov 30, 2009
YouTube - Chinas empty city – 10 Nov 09. My buddy living in Shanghai posted this video to his Facebook profile today. It demonstrates how misaligned incentives in China lead local government officials to launch massive government infrastructure...

Forget bonds, gold, stocks, or real estate; try investing in some Garlic!

Nov 27, 2009
Swine flu fear leads to shortage of garlic in China – Telegraph. My colleague this morning happened to ask if I had heard about the garlic bubble in China. A quick news search led me to the story: Garlic prices have increased fifteen fold in China...

Lesson Plan: Costs of Production Presentation for Y1 IB Economics

Nov 26, 2009
Unit 2.3.1 Costs of Production: Team Presentation Activity Learning Objectives: Distinguish between fixed and variable costs of production Understand how the law of diminishing returns affects the shape of a firm’s short-run total costs and...

Lesson Plan: Costs of Production Presentation for Y1 IB Economics

Nov 26, 2009
Unit 2.3.1 Costs of Production: Team Presentation Activity Learning Objectives: Distinguish between fixed and variable costs of production Understand how the law of diminishing returns affects the shape of a firm’s short-run total costs...


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