31 CHAPTERS · FOUR UNITS
IB Economics HL
Study Guide
Your complete chapter library, with diagrams, equations, expandable examples and interactive comparisons.
Unit 1 · Introduction to Economics
Unit 2 · Microeconomics
2.1 Demand ↗2.2 Supply ↗2.3 Competitive market equilibrium ↗2.4 Critique of the maximising behaviour of consumers and producers ↗2.5 Elasticities of demand ↗2.6 Price elasticity of supply (PES) ↗2.7 Role of government in microeconomics ↗2.8 Market failure - externalities and common pool or common access resources ↗2.9 Market failure - public goods ↗2.10 Market failure - asymmetric information ↗2.11 Market failure - market power ↗2.12 The market’s inability to achieve equity ↗
Unit 3 · Macroeconomics
3.1 Measuring economic activity and illustrating its variations ↗3.2 Variations in economic activity - aggregate demand and aggregate supply ↗3.3 Macroeconomic objectives ↗3.4 Economics of inequality and poverty ↗3.5 Demand management (demand-side policies) - monetary policy ↗3.6 Demand management (demand-side policies) - fiscal policy ↗3.7 Supply-side policies ↗
Unit 4 · The Global Economy
4.1 Benefits of international trade ↗4.2 Types of trade protection ↗4.3 Arguments for and against trade control/protection ↗4.4 Economic integration ↗4.5 Exchange rates ↗4.6 Balance of Payments ↗4.7 Sustainable Development ↗4.8 Measuring development ↗4.9 Barriers to economic growth and/or economic development ↗4.10 Economic growth and/or economic development strategies ↗