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IB Economics Study Notes

Last updated 17 Sept 2024

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This is a collection of study notes for the IB economics specification

Microeconomics

IB Economics - Consumer and Producer Surplus

Study Notes
IB Economics - Resource Allocation

Study Notes
IB Economics - Linear Supply Functions

Study Notes
IB Economics - The Law of Supply and the Supply Curve

Study Notes
IB Economics - Linear Demand Functions

Study Notes
IB Economics - Non-Price Determinants of Demand

Study Notes
IB Economics - The Demand Curve

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IB Economics - The Law of Demand

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IB Economics - The Nature of Markets

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IB Economics - Specific and Ad Valorem Taxes and Their Impact on Markets

Study Notes
Ib Economics - Price Elasticity of Supply

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IB Economics - Income Elasticity of Demand

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IB Economics - Cross price elasticity of demand and its determinants

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IB Economics - Applications of price elasticity of demand

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IB Economics - Price Elasticity of Demand

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IB Economics - Allocative Efficiency

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IB Economics - Positive Externalities of Production and Consumption

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IB Economics - Negative Externalities of Production and Consumption

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IB Economics - Market Failure as a Failure to Allocate Resources Efficiently

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IB Economics - Price Floors in Economics

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IB Economics - Price Ceilings in Economics

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IB Economics - Government Subsidies

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IB Economics - Abuse of Monopoly Power

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IB Economics - Asymmetric Information in Economics

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IB Economics - Common Access Resources

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IB Economics - Lack of Public Goods

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Macroeconomics

IB Economics - The Circular Flow of Income Model

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IB Economics - Measures of Economic Activity

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IB Economics - Short-Term Fluctuations and Long-Term Trend (Business Cycle)

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IB Economics - The Meaning of Unemployment

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IB Economics - Consequences of Unemployment

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IB Economics: Types and Causes of Unemployment

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IB Economics - Consequences of Inflation

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IB Economics - Inflation, Disinflation and Deflation

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IB Economics - Consequences of Deflation

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IB Economics - Types and Causes of Inflation

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IB Economics - Possible relationships between unemployment and inflation

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IB Economics - Understanding Economic Growth

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IB Economics - Consequences of Economic Growth

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IB Economics - Equity in the Distribution of Income

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IB Economics - Understanding Poverty in Economics

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IB Economics - The Role of Taxation in Promoting Equity

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IB Economics - Aggregate Demand

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IB Economics - Aggregate Supply

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IB Economics - The Nature of the Keynesian Multiplier

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IB Economics - Interest Rate Determination and Roles of a Central Bank

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IB Economics - Monetary Policy and Short-Term Demand Management

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IB Economics - Monetary Policy and Inflation Targeting

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IB Economics - Evaluation of Monetary Policy

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IB Economics - Sources of Government Revenue

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IB Economics - Types of Government Expenditures

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IB Economics - The Budget Outcome

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IB Economics - Fiscal Policy and Short-Term Demand Management

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IB Economics - Fiscal Policy and Its Impact on Potential Output

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IB Economics - Evaluation of Fiscal Policy

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IB Economics - Supply-Side Policies and the Economy

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IB Economics - Industrial Policies

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IB Economics - Policies to Encourage Competition

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IB Economics - Labour Market Reforms

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IB Economics - Incentive-Related Policies in Economics

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IB Economics - Strengths and Weaknesses of Supply-Side Policies

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International Macroeconomics

IB Economics - Benefits of Trade

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IB Economics - Absolute and Comparative Advantage

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IB Economics - World Trade Organisation (WTO)

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IB Economics - Types of Trade Protection in International Economics

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IB Economics - Trade Protection: Arguments For and Against

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IB Economics - Determination of Freely Floating Exchange Rates

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IB Economics - Effects of Exchange Rate Changes

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IB Economics - Fixed and Managed Exchange Rates

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IB Economics - Evaluation of Different Exchange Rate Systems

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IB Economics - Balance of Payments (Overview)

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IB Economics - Balance of Payments (Detail)

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IB Economics - Correcting a Persistent Current Account Deficit

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IB Economics - Preferential Trade Agreements and Trading Blocs

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IB Economics - Monetary Union

Study Notes

Economic Development

IB Economics - Economic Growth and Economic Development

Study Notes
IB Economics - Characteristics of Economically Less Developed Countries

Study Notes

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