Welcome to Econ Rules

Welcome to my new IB Econ presence on the web. I am building an IB Econ home, so that you may access everything you could possibly want for reviewing, practicing and extending your learning in Economics and for excelling in your IB Econ Exams.

I built this site so that you can better understand the system that drives our world, for good or for bad. Once we better understand our economic system, we can hopefully then help to approve upon it’s flaws, helping to build a more equitable society. Knowledge is power, so be smart and bow down to it.

Feel free to contact me in the event you have any comments as to what you see here. My address is jgangi@nist.ac.th

For teachers of Economics, please contact me in the event you would like to share materials, collaborate or organize learning across international classrooms.

For parents or economic enthusiasts who would like to share their experience in the field with our students, please contact me as there is nothing better than bringing economics to life.

Econ Rules! Let’s better understand the systems we have created so that we are more able to improve upon them.

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John Gangi

Creator and IB DP Econ/ MYP Humanities Teacher at New International School of Thailand

John is teaching DP Economics and MYP Humanities at the New International School of Thailand (NIST) in Bangkok. Prior to NIST John taught at the United Nations International School of Hanoi and the International School of Tanganyika. He has enjoyed teaching Economics for the past 9 years.

Latest posts by John Gangi (see all)

Measuring Success - October 10, 2014
Have You Been Branded? - August 14, 2014
Bo-Tax and the Tanning Tax: Econ that matters for the Jersey Shore. - December 4, 2013

What's Up With the World of Economics?

How we measure economic success has always been a point of contention. Real GDP per capita, Real GNP per capita, our country’s growth rate, etc. All of these measurements have issues as they do not factor in such things as disparity, sustainability and other important issues we are faced with.

One way in which corporations create demand for their products is by manipulating you into wanting their products! They do this by building an image for their product. This is called branding . Based on what they see their customer base being, they create logos, slogans, advertising campaigns, pay

Price Elasticity of Demand is a very important concept for businesses and governments to understand. If this concept is not understood properly government policies could do a lot of harm to an economy. Read the article about the impact an indirect tax had on the market for Botox in the state of New

As many of you already know, most of Europe is under one currency. The Euro is the currency that the nations in the Eurozone use in their economies. It is guided by the monetary policy decisions of European Central Bank (ECB), meaning that the nations in the Eurozone (ex. Italy, Germany, France, e