International Baccalaureate · IB Diploma · Economics · HL

• 1.1 What is economics? How do economists approach the world?
• 1.2 What is economics?
• 1.3 How do economists approach the world?
• 1.4 Worked practice: opportunity cost on a PPC
• 1.5 Writing a Paper 1 answer
• 1.6 Checklist

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• 2.1 Demand, supply and policy
• 2.2 Demand and supply
• 2.3 Competitive market equilibrium
• 2.4 Elasticity
• 2.5 The role of government in microeconomics
• 2.6 Data-response practice (Paper 2 style)
• 2.7 Checklist

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• 3.1 Market failure and equity
• 3.2 Externalities and common pool resources
• 3.3 Public goods
• 3.4 The market's inability to achieve equity
• 3.5 Data-response practice (Paper 2 style)
• 3.6 Checklist

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• 4.1 Information and market power
• 4.2 Asymmetric information
• 4.3 Revenue, costs and profit
• 4.4 Perfect competition
• 4.5 Monopoly
• 4.6 Monopolistic competition
• 4.7 Oligopoly
• 4.8 Comparing the market structures
• 4.9 Government responses to market power
• 4.10 Checklist

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• 5.1 Macroeconomic activity, objectives and policy
• 5.2 Measuring economic activity
• 5.3 Aggregate demand and aggregate supply
• 5.4 Macroeconomic objectives
• 5.5 The economics of inequality and poverty
• 5.6 Monetary policy
• 5.7 Fiscal policy
• 5.8 Supply-side policies
• 5.9 Checklist

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• 6.1 The global economy
• 6.2 International trade
• 6.3 Trade protection
• 6.4 Economic integration
• 6.5 Exchange rates
• 6.6 The balance of payments
• 6.7 Economic development
• 6.8 Checklist

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