Economics: IB Diploma revision notes
1 Microeconomics
1.2 Elasticity
1.4 Market Failure
- 1.4.1 Types of Market Failure
- 1.4.2 Introduction to Externalities
- 1.4.3 Negative Externalities
- 1.4.4 Policy for Negative Externalities
- 1.4.5 Positive Externalities
- 1.4.6 The Deadweight Welfare Loss of Externalities
- 1.4.7 Case Study - The Externalities of Education
- 1.4.8 Public Goods & the Free-Rider Problem
- 1.4.9 Asymmetric Information
- 1.4.10 End of Topic Test - Market Failure
- 1.4.11 Application Questions - Market Failure
1.5 HL: Theory of the Firm & Market Structures
2 Macroeconomics
2.1 The Level of Overall Economic Activity
2.2 Aggregate Demand & Aggregate Supply
- 2.2.1 The Aggregate Demand Curve
- 2.2.2 Components of Aggregate Demand
- 2.2.3 Shape of the Aggregate Demand Curve
- 2.2.4 Shifts in Aggregate Demand
- 2.2.5 IB Multiple Choice - Aggregate Demand
- 2.2.6 Short & Long-Run Aggregate Supply
- 2.2.7 Alternative Models of LRAS
- 2.2.8 Equilibrium in the AD-AS Model
- 2.2.9 Output Gaps & the AD-AS Model
2.3 Macroeconomic Objectives
- 2.3.1 Introduction to Unemployment
- 2.3.2 Limitations of Unemployment
- 2.3.3 Types of Unemployment
- 2.3.4 Causes & Impact of Unemployment
- 2.3.5 Defining Inflation
- 2.3.6 Measuring Inflation
- 2.3.7 Use of Index Numbers
- 2.3.8 The Consumer Price Index
- 2.3.9 Consequences of Inflation
- 2.3.10 Causes of Inflation
- 2.3.11 Inflation & Unemployment Tradeoff
- 2.3.12 The Short-Run Phillips Curve
- 2.3.13 The Long-Run Phillips Curve
2.4 Economic Growth, Poverty & Inequality
- 2.4.1 Measuring Economic Growth
- 2.4.2 Determinants of Productivity
- 2.4.3 Economic Growth & Productivity
- 2.4.4 Absolute & Relative Poverty
- 2.4.5 Inequality
- 2.4.6 Inequality 2
- 2.4.7 Lorenz Curve
- 2.4.8 Government Policy on Poverty
- 2.4.9 End of Topic Test - Poverty & Inequality
- 2.4.10 Application - Inequality & Poverty
2.7 Supply-Side Policies
3 The Global Economy
3.1 International Trade
3.3 The Balance of Payments
3.4 Economic Integration
3.8 The Role of International Trade
3.9 The Role of Foreign Aid