IB Economics Revision

The IB Economist offers students taking IB Economics at Higher and Standard levels to review and revise topics from the IB Economics course. IB Economics Revision notes are listed as in the official IB Economics syllabus which can be found here: IB Economics Syllabus.

Note: the revision section will be constantly updated and under construction. If You would like us to discuss a certain topic You are welcome to contact us at info@ibeconomist.com with your suggestions.

1. Microeconomics

1.1 Competitive Markets – Demand
1.1 Competitive markets – Market efficiency: Consumer Surplus
1.3 Government Intervention – Indirect Taxes
1.3 Government Intervention – Maximum Price
1.3 Government Intervention – Minimum Price

2. Macroeconomics

2.1 Circular Flow Of Income Model And The Business Cycle
2.1 Measures Of Economic Activity
2.2 Aggregate Demand
2.2 Aggregate Supply
2.2 Equilibrium
2.2 The Keynesian Multiplier (HL)
2.3 Macroeconomic Objectives – Low Unemployment
2.3 Macroeconomic Objectives – Low And Stable Rate Of Inflation
2.3 Macroeconomic Objectives – Economic Growth
2.3 Macroeconomic Objectives – Equity In The Distribution Of Income
2.4 Fiscal Policy – The Government Budget
2.4 Fiscal Policy – The Role Of Fiscal Policy
2.5 Monetary Policy
2.6 Supply-side Policies

3. International Economics

3.1 International Trade – The Benefits Of Free Trade
3.1 International Trade – The World Trade Organization (WTO)
3.1 International Trade – Trade Protection: Tariff
3.1 International Trade – Trade Protection: Quota
3.1 International Trade – Trade Protection: Subsidy
3.2 Freely Floating Exchange Rates Determination and Factors
3.2 Effects of Changes in the Exchange Rate

General Evaluation Guides

Market Structure Evaluation – Monopolistic Competition

IB Economics Exam Tips and Guides: