Economics HL Price elasticity of demand listening 12:41
Teacher asksSo what happens to revenue if we raise the price?0.8 s

It falls: demand is elastic, so the drop in sales outweighs the higher price

Point#14

PED above 1 means demand is elastic: buyers react strongly to a change in price

Simple

If a small price rise makes lots of people stop buying, demand is elastic.

PED% change in Qd ÷ % change in P Total revenueprice × quantity sold Substitutesthe biggest driver of elasticity
“…so if the price goes up ten percent and sales fall twenty, that's elastic”

Lesson saved.

14 points, a summary in exam language and 9 flashcards, ready for tonight.

For IB Diploma students · on the Mac

Your lessons,caught as they happen.

Lesson Leech lives under your MacBook's notch. When the teacher asks the class a question, the answer is on your screen in about a second. After the bell it turns the lesson into flashcards, and at night it plans your revision.

3 free lesson-hours to try, then plans from $9.99$11.75 a month · launch offer: up to 30% off · Apple silicon (M1 or newer) · macOS 14 or later

The answer function

The teacher asks. You already know.

Lesson Leech hears the question in the lesson itself, so there's nothing to type. A short, clear answer appears under your notch before the room has finished thinking.

Teacher asks

“If incomes rise, what happens to demand for a normal good?”

Economics
Lesson Leech answers
0.8 s
The class is still thinking
first hand up
Answer

It rises: people buy more of a normal good as incomes grow, so the demand curve shifts right.

≈ 1 sfrom the teacher's question to the answer on your screen (median 0.8 s in our tests)
Nothing to typeit hears the question in the lesson, you just read
Checked onlinewhen the answer is a recent fact, like a company's latest revenue, a quick web search confirms it
Heard rightif speech-to-text slips, you see the question the way the teacher asked it

Flashcards

Flashcards that write themselves.

When the bell goes, Lesson Leech turns what the teacher actually said into cards: the definitions, the formulas, the examples they used. Rate each card and it comes back just before you'd forget it.

  • Made from your lesson, not from a generic textbook
  • Again brings a card back in 10 minutes; Easy sends it days away
  • The cards you miss show up in tonight's review
Economics HL0 / 8 learned

Revise tonight

Tonight's revision, already planned.

At the end of the day Lesson Leech reads all your lessons and writes one review: what you learned, your shaky spots (the moments you pressed Explain now, the cards you missed) and a plan for tonight that takes about 30 minutes.

21:00 Tonight, in 30 minutes

Ask tomorrowHistory HL: why did Germany back Austria-Hungary so quickly in July 1914?

Tick them off as you go.

Economics HL: lesson summary

Tue 29 Sep · 45 min

In one paragraph

Price elasticity of demand (PED) measures how strongly buyers react to a price change. When demand is elastic (PED > 1), a price rise cuts total revenue, because the fall in sales outweighs the higher price.

Syllabus content covered

  • PED = % change in quantity demanded ÷ % change in price
  • Elastic and inelastic demand, and what each means for total revenue
  • What makes demand elastic: substitutes, luxuries, time

How the IB will ask this

Explain, 10 marks: why a firm facing elastic demand might lower its price. A top answer has the definition, a labelled diagram with the revenue rectangles and a real-world example.

Built for the IB Diploma

It speaks IB.

Pick your subjects and levels once. The notes use the IB's command terms and, for most subjects, the way the exam asks its questions.

Group 1
English A: Language & LiteratureEnglish A: Literature
Group 2
English BFrench BSpanish BItalian BGerman BSpanish ab initio
Group 3
EconomicsBusiness ManagementHistoryPsychologyGeographyGlobal PoliticsPhilosophyDigital SocietySocial & Cultural AnthropologyWorld Religions
Group 4
PhysicsChemistryBiologyComputer ScienceESSSports, Exercise & Health ScienceDesign Technology
Group 5
Maths AAMaths AI
Group 6
Visual ArtsMusicTheatreFilmDance
Core
Theory of Knowledge

Private by design

Your lessons stay yours.

The audio never leaves your Mac

Speech-to-text runs on the Mac's own chip, and the recording is deleted when the lesson ends.

Only words, only for notes

The text goes to Lesson Leech and the AI model that writes the notes, under terms that don't let them store it or train on it.

No ads. No tracking. Nothing sold.

Not a single tracker in the app or on this page. The test version only sends short error reports, never your lessons, and you can switch them off.

Delete everything, any time

One click in Account & privacy removes your account and everything the server has about you.

For schools & IT

Easy to allow on the school Wi-Fi.

Lesson Leech talks to exactly two addresses, over HTTPS. It sends the text of the lesson (never audio) and gets notes back. If your network filters or inspects web traffic, please allow these two addresses and exclude them from SSL inspection, so students can use it on the school Wi-Fi.

School Google accounts. Lesson Leech only asks Google for a student's name and email. Google Workspace for Education blocks students under 18 from apps the school hasn't set up, so either mark Lesson Leech as Trusted in App access control (client ID below) or turn on "Allow users to access third-party apps that only request basic info needed for Sign in with Google". Students can also sign in with a personal Google account.

Questions? Write to inquiries@lessonleech.com.

lesson-leech · network
Domains
lessonleech.com
api.lessonleech.com
Protocol
HTTPS · TCP 443
Sends
lesson text · never audio
Stores
account & usage, no lesson text on the server
Consent
students ask the teacher before recording
Sign-in
Google · name & email only
Client ID
434922120502-qnlss0v4o816o43tt5pc4s7r9b5pj21f.apps.googleusercontent.com
Category
Education · study tool
Contact
inquiries@lessonleech.com

Install

Two minutes, then it sets itself up.

Run the installer

Open the download, click Continue and Install, and enter your Mac's password. Lesson Leech goes into Applications and opens by itself.

Allow the microphone

Click Allow when your Mac asks. Lesson Leech only listens while you have a lesson on.

Sign in, then go to class

It sets itself up (about 0.5 GB), you sign in with Google or Apple and pick your subjects. In class: click the worm, choose the subject, ask your teacher, go.

Apple silicon Mac (M1 or newer)macOS 14 Sonoma or laterAbout 2 GB freeInternet during lessons

Questions

Good to know.

Is it free?

You get 3 free lesson-hours to try it, with every feature and no card. Then plans start at $11.75 a month, plus VAT or sales tax where it applies: Lite gives 25 lesson-hours a month, Plus 50 and Max 100. Until 31 Oct, the launch offer takes 15%, 20% or 30% off, and you keep it for as long as you stay. You pick one inside the app, in Account & privacy: see Plans.

Who can try it?

Any IB student aged 13 or over: download it and sign in with your Apple ID or a personal Google account.

Can I use my school Google account?

Maybe not: schools on Google Workspace often block students under 18 from apps the school hasn't approved. Sign in with Apple or a personal Google account instead, or ask your school's IT to allow Lesson Leech (the details are under For schools).

How fast are the answers?

About a second from the teacher's question to the answer on your screen: the median in our tests was 0.8 seconds. Rhetorical questions ("…, right?") are skipped. When the answer is a fact that changes, like a company's latest figures, a web search checks it a few seconds later.

Can I ask it my own questions?

Yes. During a lesson, click Leechy and type into Ask Leechy: "what did she mean by elasticity?", "who was that economist?". It answers from what your teacher has been saying.

Does it know the grade I'm aiming for?

If you tell it. Add your predicted and target grades in Account & privacy and your notes, summaries and flashcards are pitched at the jump you want to make. It's optional, and you can remove them any time.

Do I need my teacher's permission?

Yes. Classmates can be heard in a recording too, so always ask the teacher before you start listening.

Does it record the lesson?

It listens and turns speech into text on your Mac. The audio is deleted when the lesson ends; only the words are used for your notes.

Why does the installer ask for my password?

It puts Lesson Leech in your Applications folder, and your Mac asks for its password before any installer does that. Lesson Leech is signed and checked by Apple, so it opens straight away. Rather drag it in yourself? Get the disk image and drag Lesson Leech onto Applications.

Does it work on Windows?

Yes, on Windows 10 or 11. Download for Windows opens Lesson Leech in the Microsoft Store: click Get, then Open, with no warnings to click through. It does everything the Mac app does, and Leechy sits at the top of your screen.

My school Google account won't sign in

Schools usually block students under 18 from apps they haven't approved, so Google stops the sign-in before it reaches us. Sign in with Apple or a personal Google account instead, or ask your school's IT to allow Lesson Leech.

Windows, iPad or phone?

Not yet. Lesson Leech sits under the MacBook's notch and uses the Mac's chip for speech-to-text. Other devices may come later.

How do I delete my data?

In the app: click the worm › Account & privacy › Delete account. That removes everything the server has about you; your lessons on your Mac stay unless you delete them too.

Try it in your next lesson.

3 free lesson-hours to try · for IB Diploma students · on Apple-silicon Macs

Questions, schools or press: inquiries@lessonleech.com