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SearchPost TypeAll Post TypesLessonsTipsProjectsReflectionsCategory All Categories 2.1 Demand 2.7 Role of government in microeconomics 2.8 Market failure – Externalities and Common goods Change Choice Curriculum Ecological Ceiling Economic Well-Being General IB Key Concepts IB Units Intervention Lesson Safe Haven – Into the Doughnut Social Foundation Sustainability Update Tag All Tags absolute advantage allocation system biodiversity biogeochemical cycle board game boardgame carbon footprint carbon tax case study circular economy climate change commons consumer surplus dead zone deforestation demerit goods ecological footprint Ecology economic performance economic policy economic scarcity equation of exchange Exchange over time fashion industry Four lenses approach future thinking hierarchical structure household budget human interference import tariff inequality international trade know your economy market model market system merit goods model thinking money supply nitrogen cycle nitrogen footprint non-renewables normative framework normative statement personal budget positive statement profit profit pool protectionism provisioning systems regenerative subsidy supply chain systems of provision approach temperature value value chain velocity of circulation water availability water consumption water poverty water supply waterfootprint waterstress willingness to pay WTO Doughnut element All Doughnut elements Air Pollution Climate Change Ecological Ceiling Infrastructure Markets Nitrogen and Phosphorus Loading Physical Provisioning Systems Social