IBDP ECONOMICS

SYLLABUS | ASSESSMENT INFO | GLOSSARY | ECON EE GUIDE | SECTION 1: INTRODUCTION TO ECONOMICS 1.1 WHAT IS ECONOMICS? | 1.2 HOW DO ECONOMISTS APPROACH THE WORLD? | SECTION 2: MICROECONOMICS 2.1 DEMAND | 2.2 SUPPLY |  2.3 COMPETITIVE MARKET EQUILIBRIUM | 2.4 CRITIQUE OF THE MAXIMIZING BEHAVIOUR OF CONSUMERS AND PRODUCERS (HL) | 2.5 ELASTICITY OF DEMAND | 2.5.1 PED | 2.5.2 YED | 2.6 PRICE ELASTICITY OF SUPPLY (PES) |  2.7 ROLE OF GOVERNMENT IN MICROECONOMICS | 2.7.1 REASONS FOR GOV'T INTERVENTION | 2.7.2 PRICE CEILINGS | 2.7.3 PRICE FLOOR | 2.7.4 INDIRECT TAX | 2.7.5 SUBSIDIES | 2.7.6 DIRECT GOV'T PROVISION | 2.7.7 REGULATION & LEGISLATION | 2.7.8 NUDGES (HL) | 2.8 MARKET FAILURE | 2.8.1 CPRs | 2.8.2 EXTERNALITIES | 2.8.2.1 NEG. EXTERNALITIES OF PRODUCTION | 2.8.2.2 NEGATIVE EXTERNALITIES OF CONSUMPTION  | 2.8.2.3 POSITIVE EXTERNALITIES OF PRODUCTION  | 2.8.2.4 POSITIVE EXTERNALITIES OF CONSUMPTION | 2.9 MARKET FAILURE: PUBLIC GOODS | 2.10: MARKET FAILURE: ASYMMETRIC INFORMATION (HL) |  2.11 MARKET FAILURE: MARKET POWER (HL) | 2.11.1 PRODUCT, REVENUE, COSTS & PROFITS | 2.11.2 PERFECT COMPETITION | 2.11.3 MONOPOLY | 2.11.3.1 NATURAL MONOPOLY | 2.11.4 MONOPOLISTIC COMPETITION | 2.11.5 OLIGOPOLY | 2.11.6 MONOPOLY ABUSE | 2.12 MARKET'S INABILITY TO ACHIEVE EQUITY (HL) | SECTION 3: MACROECONOMICS 3.1: MEASURING ECONOMIC ACTIVITY | 3.2: AD/AS | 3.3.0: MACROECONOMIC OBJECTIVES | 3.3.1 ECONOMIC GROWTH | 3.3.2 LOW UNEMPLOYMENT | 3.3.3 LOW AND STABLE INFLATION | 3.3.4 SUSTAINABLE DEBT (HL) | MACROECONOMIC CONFLICTS | 3.4: INEQUALITY & POVERTY |  3.5: MONETARY POLICY |  3.6: FISCAL POLICY | 3.7: SUPPLY-SIDE POLICY | SECTION 4: GLOBAL ECONOMICS 4.1 INTERNATIONAL TRADE | 4.2 TYPES OF PROTECTIONISM | 4.3 PROTECTIONISM VS FREE TRADE | 4.4 ECONOMIC INTEGRATION | 4.5 EXCHANGE RATES | 4.6 BALANCE OF PAYMENTS | 4.7 SUSTAINABLE DEVELOPMENT | 4.8 MEASURING DEVELOPMENT |  4.9 BARRIER TO ECO GROWTH |  4.10 STRATEGIES FOR DEV'T  |  RWE