And so ends the 2011-2021 syllabus

Well, it had a good run (9 years!) but the syllabus which was first taught in August 2011 and which is due to be examined for the last time this coming November is coming to an end.

Due to a hectic teaching schedule, I have not yet created any materials for the new syllabus which was introduced to students this past August. However, I hope to create some specialized materials to support teachers and students in anticipation of the first exams due to be written in May 2022.

While I have not been able to write any educational materials, I have continued to write regular articles for the Postmedia Group of newspapers here in Canada. Feel free to read my most recent articles from this past December, “Money is not wealth” and “Renewing the social contract” in the Articles section.

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First Edition Books Still Available

While there are only a few dozen copies of the second edition workbook still available from Richard Heath’s IB Bookshop in the UK (and, as of today, a single copy available on, I still have about 500 copies of the first edition workbook available in my warehouse here in Canada.
If, as was the case in most schools, you fear that the move to distance learning made necessary by the COVID-19 pandemic has resulted in some important concepts and skills not being learnt adequately, I would recommend that you consider distributing the workbook to students as a learning and revision aid.

While the focus this year will understandably be on getting students in IB1 off to a good start under the new syllabus, don’t forget to ensure also that your IB2 students have everything they need to do well in their exams in May and November.

Orders of the book will come with a printed list of corrections as well as an electronic copy of the quantitative exercises that were the primary improvement featured in the second edition. The solution key to the book’s exercises has always been freely available.

For schools in North America, the value proposition is compelling. I am happy to move the books at printing cost ($5) plus postage ($2-$3 per copy if ordered in a class set, $15 if ordered singly), for a total cost of between $7 and $20 per copy. I am happy to ship copies to schools in Europe and Asia as well, but be aware that the postage costs will be markedly higher.

If you are interested in ordering copies for your students, please send me an email (

Finally, if you are interested in reading my most recent articles published this past month entitled “Temporary COVID-19 measures must not become permanent” and “Serious crash or fatal plunge,” please go to the bottom of the Articles page.

All the best for the upcoming academic year, which, being 2020, I am sure still has some surprises in store for us.

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Book availability and recent articles

As the current syllabus moves into its final year, I would like to invite students looking for an affordable revision book to consider purchasing a copy of the original “Workbook for the New I.B. Economics.” For $5 plus postage (which, within North America, will be $10 to $15 per copy), I am happy to send you a copy.

If you would like to purchase a copy of “Workbook for the New I.B. Economics, 2nd Edition, Exercises,” while I no longer have any books in stock, there are still a couple of copies available on and a few dozen copies at Richard Heath’s I.B. Bookshop in the U.K.

However, those interested in purchasing a 2nd edition teachers’ guide can do so either directly or via

As we move into the summer holidays, meanwhile, I would invite you to read my most recent triad of articles:

“Understanding the affordability crisis”

“Destroying the Debt Bomb, or How I Learned to Stop Worrying and Love Deflation”

“Essential Work and B.S. Jobs”

As the old economics saying goes, “the solution to high prices is high prices.” This current crisis could be just what the global economy needs to liquidate debt and reset our economies to favour production and discourage speculation.

All the best for a great summer holiday.

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To the class of 2021

First of all, I hope you are all keeping well and staying out of the path of the coronavirus. Second of all, if you are in a school which has closed and moved to online learning in response to the coronavirus, I would like to take this opportunity to remind you of the free online lesson component of  Workbook for the New I.B. Economics, Second Edition, which can be accessed here:

Workbook for the New I.B. Economics Second Edition Lessons March 2014.

I would also invite you to download the worked solutions to Paper 3-style quantitative questions which are available on the Gumroad sharing site here:

Finally, if the viral shutdown is leaving you with some unaccustomed reading time, please check out my most recent articles. My most recent refers to the economic shutdown engendered by the COVID-19 virus, and makes the case for a deliberate debt deflation to take place to reset our financial and economic system to health.

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The Second Edition Workbook is SOLD OUT!

As you can see from the photo taken yesterday in the Croecko Publishing Warehouse (a.k.a. my father’s old barn), the pallet upon which sat copies of Workbook for the New I.B. Economics, 2nd Edition, Exercises (the one on the right) is now empty. The middle pallet supports two partial boxes of teachers’ guides (one for Workbook for the New I.B. Economics, 2nd Edition, and one for Economics for Canadians) and the remaining copies (under 500) of Economics for Canadians while the pallet on the left supports the remaining copies of the first edition of Workbook for the New I.B. Economics (over 600).

However, while I have run out of student workbooks, there are still copies available through Richard Heath’s I.B. Bookshop in the UK and through

Alternatively, I encourage schools or individual students looking for a solid learning or revision resource to purchase copies of the first edition workbook. As stated below I am happy to sell copies ‘at cost’ at $5 plus postage. If you are a student in North America, this would put a copy in your hand for around $20, inclusive of delivery. Buyers will also receive a PDF file containing the Paper 3-style questions and worked solutions from the second edition workbook free of charge.

As a final note, I would like to thank you for your support over the past 8 years since the first edition of Workbook for the New I.B. Economics was published in Muscat, Oman. Best wishes for the new year as you welcome the last cohort to study under the current syllabus to your classes, and as we all prepare for the revised syllabus to be released for the cohort entering I.B.1 in August 2020.

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Ordering books for next year (and recent articles)

First of all, I would like to thank you for making ‘Workbook for the New I.B. Economics’ a success over the past 7 and a half years. Of the 4000 first edition books printed in 2011, only 650 remain, while of the 3000 second edition books printed in 2013 less than a hundred copies remain with me, with an equivalent number held by Richard Heath’s IB Bookshop in the U.K.

While I expect the second edition to sell out in the coming months, I would like to encourage teachers looking for an accessible and inexpensive learning and revision resource to consider purchasing copies of the first edition for their students. As advertised below, I am happy to sell them at cost for $5 per copy plus shipping. Schools ordering class sets of the book will also receive a complimentary copy of both the second edition workbook and teachers’ guide to ensure that students have access to that book’s quantitative questions.

On a final note, I would also like to point your attention to my most recent articles, “Debt and War” and “Other People’s Money.” They deal with, respectively, the slide from currency wars to trade wars to shooting wars we are now witnessing around the world as countries try to reduce the burden of their debts, and the reasons why corruption is a pervasive feature of government contracts beyond the current scandal involving Canada’s SNC-Lavalin.

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If you got a postcard…

Welcome to the world of Workbook for the New I.B. Economics! While the current syllabus is in its last couple of years, the workbook’s comprehensive coverage and engaging and accessible style make it an excellent teaching resource and a superb revision tool for both you and your students.

The 2nd edition of the book offers full coverage of the current IBHL Economics syllabus, as outlined in the following document:

WBIBE 2nd Edition and IBDP Economics Syllabus Correspondence

I am always surprised when I hear from teachers who feel that if they have the Paper 3-style exercises and worked solutions (which were excerpted from the then yet-to-be-published second edition of the book and released electronically in March 2013 to help students sitting the May 2013 examinations) that they have the book. Be assured that there is a lot more to Workbook for the New I.B. Economics, 2nd Edition than its quantitative exercises.

First, there are its lessons, which can be downloaded (along with some sample pages from the printed workbook and teachers’ guide) from or saved to your desktop by clicking on the link below:

Workbook for the New I.B. Economics Second Edition Lessons March 2014

Second, there are the other exercises in the book, one set for each of the book’s 82 lessons and another set of thinking and review questions every 7 or 8 lessons.

Finally, there is the teachers’ guide, which contains the full solutions to all of the exercises in the book, suggestions for teaching approaches and learning resources and guidance to help students with their IB internal and external assessments.

After having looked at what the book has to offer, I invite you to order copies for your own use or for use with your students. I am happy to send orders worldwide from Canada via tracked surface mail. All I require is that you send me an email at outlining your full postal address and the number of copies you would like.

Alternatively, if you are in the U.K. or Europe you may prefer to order copies from Richard Heath’s IB Bookshop. American customers may prefer to order copies from or IB Source. Distributors in India (Scholar Book Distributors and Parle Book Centre in Mumbai), China (China International Book Trading Corporation) and other countries have also proven reliable.

Finally, if you are interested in having your students do additional revision exercises on their own, I would invite you to order copies of the original Workbook for the New I.B. Economics. The book was published in 2011 with lessons and exercises bound together. However, despite the publication of the ‘new and improved’ second edition in 2013, the first edition still has its fans. As one teacher wrote to me last year:

“I love the first edition! I am now reminiscing over that book of yours with the orange and green cover!  It has saved me a lot of time in terms of days, weeks, even months.”

The full solution key for the first edition can be downloaded here to help students with self-assessment:

Answer Key – Complete – WFTNIBE

As you can see from the post below from August, I am selling the few hundred copies I have left at cost plus postage, so if you have the budget please consider making an order.

Thank you very much for responding to the postcards and I hope to hear from you via email in the near future.

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All the best for 2018-19

Special back-to-school offer!

First edition books are now available for $5 plus shipping (which, for surface mail, should only cost 2 to 3 dollars per copy in North America or 6 to 7 dollars per copy worldwide).

If you are looking for a resource to improve your students’ understanding of the concepts and tools of I.B. economics, please send an email to me at This was the first workbook written for the more quantitative economics syllabus. Unlike other books from other publishers, it remains the only one which doesn’t resort to multiple choice questions but instead emphasises diagram analysis and evaluation questions.

Orders of more than 15 copies will also receive a complimentary copy of the second edition workbook and teachers’ guide. Copies of the second edition book are also available at the prices listed on All the best for a great 2018-2019 school year!

On a final note, my two latest articles, Corruption, Money and the Banks and Trade Deficits and the American Empire are now available on the “Articles” page.

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Ordering materials to take you through to 2021

As we move towards the end of the academic year, it is always a good time to start thinking of acquiring resources for the upcoming school year.

One factor which I feel may be getting in the way of schools ordering materials is a belief that this coming August will see the adoption of an updated syllabus for IBDP economics.

While in the past the syllabus has been revised every 7 years, this latest update is supposedly going to take another couple of years and is only expected to be in place in time for students beginning in August 2020 and finishing in May 2022.

Thus, students writing exams until May and November of 2021 will still be following the current syllabus for which Workbook for the New I.B. Economics was written.

This being the case, I therefore encourage you to order additional copies if you have found the book helpful to your students. If you do wish to order books I especially encourage you to do so via Richard Heath’s IB Bookshop in the UK.

Finally, I would also like to draw your attention to my most recent articles, which have dealt with topics such as tensions in the Korean peninsula, the resilience of religious communities in the Holy Land, and the meaning of crypto-currencies.

All the best for a great remainder to the year.

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Scaffolding as a teaching and learning strategy

With several comprehensive I.B. economics textbooks available from major publishers, it is easy to question the place of a book like ‘Workbook for the New I.B. Economics’ (in both editions) in the educational ecosystem.

However, I have had an interesting series of conversations recently with a teacher whose students have both the workbook and a textbook. His opinion, based upon observing his own classes, is that the workbook gives students a more accessible introduction to the course than a standard textbook.

This feedback made me very happy, and it accords with my own experience using the book. I have had many students tell me that the vivid language and examples in the book really helped them gain a solid understanding of the course.

However, as we all know, understanding a course and doing well on an exam are not one and the same. I would be the first person to recommend that student also use a quality study guide or textbook to help them master the course.

However, the sequence matters. If a student already has a fundamental understanding of economics they will not be overwhelmed by the detail in a more comprehensive textbook. On the other hand, I have seen students, especially weaker students, become confused and demoralized by the inaccessibility of some of the more exhaustive textbooks.

So, if you think your students would benefit from a book that allows them to scaffold their learning from understanding important principles towards mastering the fine details, feel free to download and have a look at the free online textbook or get in touch by email.

All the best for a great year ahead.

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