Videos and notes for IB students who have opted for Economics HL. IB Economics SL Notes (Updated 2023) | Nail IB IB Economics SL. Tel: +44 0844 800 0085. With a star academic record like his, you will walk away from this course with economics concepts aced and invaluable pointers and tips for your overall IB experience. 2.4 Fiscal Policy The Role Of Fiscal Policy Microeconomics: Theory of The Firm Notes. 2.2 Equilibrium IB Economics: Stress-free teaching, engaged and successful students. Not all the notes have been updated to fit the new format, so you may see slightly different unit names/numbers when you click on links. legislation, you have rights in relation to your data. Click on an entry below to browse the study notes for each category. Colour coded and important topics highlighted. Environmental Systems and Societies SL. If You would like us to discuss a certain topic You are welcome to contact us at info@ibeconomist.com with your suggestions. At the heart of economic theory is the problem of scarcity. Remember, these notes are quite extensive, so you don't need to be able to recall everything, but you should be able to get the main points. The IB Diploma Programme Economics course forms part of group 3 - individuals and societies. First, of its kind, this IB Economics HL course helps you understand IBs expectations of you and vice versa by tapping in on the structure and syllabus changes and recommending relevant resources for your reference. -- 40 Past Papers, The Level Of Overall Economic Activiy - Paper 3, Chapter 2 - Competitive markets demand and supply, Chapter 6 - The Theory Of The Firm I Production, Costs, Revenues And Prot, Chapter 7 - The Theory Of The rm II Market Structures, Chapter 8 - The level of overall economic activity, Chapter 9 - Aggregate Demand and Aggregate Supply, Chapter 10 - Macroeconomic Objectives I Low Unemployment, Low and Stable, Chapter 11- Macroeconomic Objectives II Economic Growth And Equity In The Distribution Of Income, Chapter 12 - Demand-Side And Supply-Side Policies, Chapter 14 - Exchange rates and the balance of payments-min, Chapter 16 - Understanding economic development-min, Revision 3 - Elasticity of demand and supply-min, Revision 8 - Aggregate demand and aggregate supply-min, Revision 10 - Inflation and deflation-min, Revision 11 - Demand-side and supply-side policies-min, Revision 12 - National income, circular flow, multiplier-min, Revision 14 - Free trade and protectionism-min, Revision 15 -Reasons for trade, economic integration and terms of trade-min, Notes 2.1 - Overall economic activity-min, Notes 2.2 - 2.3 - Aggregate demand and aggregate supply - Macroeconomic objectives-min, Notes 2.4 - 2.5 - Economic Growth -Goverment intervention-min, Notes 5.1 - Microeconomics (Definitons)-min, Notes 5.2 - Macroeconomics (Definitons)-min, Notes 5.3 - International Economics (Definitons)-min, Notes 5.4 - Development Economics (Definitons)-min, Baseballs stadium shakedown - The Washington Post, Huge rise in Tube fares to plug deficit - The Independent, U.S. Slaps High Tariffs on Chinese Solar Panels, UK inflation rate eases in August, says, Fears Of Currency Devaluation Mount in Egypt, Inflation curbs India's scope to cut rates, Ghana AIDS Commission Launches Condom-Distribution Program Ahead of African Cup of Nations, Overvalued exchange rate is a symbol of Britains economic malaise, U.S. - Mexico Trucker Dispute Takes a Step Forward, Understanding economic development - Paper Two, Aggregate Demand And Aggregate Supply - Paper 3, Competitive Markets Demand And Supply - Paper 3, Demand - Side And Supply -Side Policies - Paper 3, Economic Integration And The Terms Of Trade - Paper 3, Exchange Rates And The Balance Of Payments - Paper 3, Aggregative Demand and Aggregate Supply - Exam Review, The Level Of Overall Economic Activity - Exam Review, The Balance Between Markets and Intervention - Exam Review, The Role Of Domestic Factors - Exam Review, The Role of Foreign Direct Investment (FDI) - Exam Review, The Role of International Trade (One Topic HL Extension) - Exam Review, The Role of Internationl Debt - Exam Review, The Roles of Foreign Aid and Multilateral Development Assistance - Exam Review, Economic Intergration Conetopic HL- Exam Review, A dollar to light up: smokers brace for another jump in to-bacco excise, South Africa set to introduce long-awaited carbon tax in June, India delivers surprise corporate tax cuts to boost economy. 3.2 Effects of Changes in the Exchange Rate, Market Structure Evaluation Monopolistic Competition, 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, 2.1 Circular Flow Of Income Model And The Business Cycle, 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, 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, How to approach your IB Economics Exam: Tips and Tricks, Guide to sketching the perfect Economics Diagram, Diagrams for IB Economics Internal Assessment, Guide to finding an article for Economics IA. You will be required to apply your knowledge in the exams and for the internal assessment. We hope this will serve as a directory of our Economics resources for IB Economics students in Year 1 and Year 2. 2. Boston Spa, comprehensive & complete summary notes chapter 13 of the oxford ib economics course companion. Economics Study Notes - Resource. Buy now. Masses of ready-to-go resources for the classroom. Unit 2.5(1): Price elasticity of demand (PED), Unit 2.5(2): Income elasticity of demand (YED), Unit 2.6: Price elasticity of supply (PES), Unit 2.7(1): Governments in markets - tax and subsidy, Unit 2.7(2): Governments in markets - price controls, Unit 2.8(1): Market failure externalities, Unit 2.8(2): Market failure - merit goods and demerit goods, Unit 2.8(3): Government intervention to manage externalities, merit and demerit goods, Unit 2.8(4): Common access (pool) resources, Unit 2.11(1) Market power - Theory of production and costs (HL), Unit 2.11(2) Market power - Perfect competition(HL), Unit 2.11(4) Market power - Monopolistic competition(HL), Unit 2.11(5) Market power - Oligopoly(HL), Economics real world examples and extension material, Unit 3.1(1): Measuring the level of economic activity, Unit 3.1(2): Measuring Economic Development, Unit 3.2(1): Variations in economic activity - aggregate demand (AD), Unit 3.2(2): Variations in economic activity - aggregate supply(AS), Unit 3.3(1) Macroeconomic objectives: economic growth, Unit 3.3(2) Macroeconomic objectives: unemployment, Unit 3.3(3) Macroeconomic objectives: inflation and deflation, Unit 3.4(1) Economics of inequality and poverty, Unit 3.4(2) Policies to improve equality, equity and poverty, Unit 3.5 Government management of the economy monetary policy, Unit 3.6 Government management of the economy fiscal policy, Unit 3.7(1) Market based supply-side policies, Unit 3.7(2) Interventionist supply-side policies, Unit 4.9 Barriers to economic development, Unit 4.10: Economic growth and economic development strategies, Unit 1.1: Scarcity, choice and opportunity cost, Unit 2.1-2.3: Competitive markets - demand and supply, Unit 2.4: Consumer and producer behaviour (HL only), Behavioural economics: Consumer biases / nudge theory (HL only), Unit 2.5: Income elasticity of demand (YED), Income elasticity of demand revision sheet, Unit 2.7: The role of government in microeconomics, Government subsidies short answerquestions, Unit 2.7: Indirect tax and subsidy review terms, Unit 2.8: Demerit goods / negative externalities, Unit 2.9: Economics of the environment and public goods, Unit 2.10: Asymmetric information (HL only), Public goods and asymmetric short answer revision questions, Unit 2.8-2.10: Market failure review sheet, Unit 2.8-2.10: Market failure review terms, Unit 2.7-2.10 Government failure revision quiz, Average and marginal revenue short answerquestions, Revision exercise on cost and revenue (HL only), Unit 2.11: Costs, revenue and profit review sheet (HL only), Unit 2.11: Multiple choice quiz (SL units), Unit 2.11: Market structures review sheet (HL only), Unit 2.11: Multiple choice quiz (HL only), Unit 2.12: The markets inability to achieve equity (HL only), Units 1+2 Microeconomics quiz (SL units only), Unit 3.1: Measuring economic activity and illustrating its variations, GDP / GNI as a measure of living standards, Unit 3.2: Variations in economic activityaggregate demand and aggregate supply, Equilibrium in macroeconomics (neo-classical perspective), Equilibrium in macroeconomics (keynesian perspective), Unit 3.2: Aggregate demand and supply review sheet, Unit 3.5 and 3.6: Demand management - fiscal and monetary policy, Market based and interventionist supply side policies, Unit 3.1-3.2 and 3.5-3.7: Multiple choice quiz, Unemployment v inflation trade off (HL only), Case study: Record fall in household incomes erases a decade of growth, Unit 3.3: Macroeconomic indicators revision quiz, Unit 3.4: Economics of inequality and poverty, The role of spending and taxation on inequality, Economic growth and inequality review sheet, Unit 3: Macroeconomics multiple choice quiz, Unit 3: Multiple choice revision questions, Unit 4.1: Benefits of international trade, Absolute and comparative advantage (HL only), Barriers to trade (calculations are HL only), Jo Biden likely to steer the USA to re-join TPP, Fixed / managed exchange rate systems (some HL tasks), The Marshall-Lerner condition / J curve (HL only), Unit 4.1-4.6: International trade crossword, Barriers to development in International trade, Unit 4.10: Economic growth and/or economic development strategies, The role of international trade and development, The role of foreign direct investment (FDI), The balance between markets and intervention, Unit 4.7 - 4.10: Development multiple choice quiz. Proudly created with Wix.com. hbspt.cta._relativeUrls=true;hbspt.cta.load(360031, 'c8b8e502-c285-4182-9589-5f8ae230e78a', {"useNewLoader":"true","region":"na1"}); As an SAT/ACT tutor, Dora has guided many students to test prep success. Notes Economics HL. LinkedIn. Venezuela Inflation to End 2006 at 16%, Above Target. I made the document as a way of quickly learning and becoming familiar with some of the common concepts. IB Survival LLC. Monitor student progress & collate in online gradebook. Microeconomics Opportunity cost Demand & Supply Elasticities Government Intervention Market Failure Theory of Firms: product, costs, revenue, and profit Theory of Firms: Market Structures Sadly, knowing the syllabus is not enough for IB economics. These are notes on single topics that you'll cover on the IB syllabus. If there are any subjects that you feel you don't completely understand after learning them in class, use these notes to review them and fill any knowledge gaps. Expert mentorship and assistance is the only way through. Two years access. 3.1 International Trade Trade Protection: Quota Perfectly Elastic & Inelastic Demand - GRAPHS EXPLAINED! Here, we give you a complete set of IB Business and Management notes for every topic. We use cookies to ensure you get the best experience on our website. student bundle and all the other resources on Nail IB. newsletters and promotional offers. If You would like us to discussa certain topic You are welcome to contact us at info@ibeconomist.com with your suggestions. Economics was one of my strongest subjects, so I decided to help other Economics HL and SL students by providing IB Economics notes and tips on this website. Boston House, Create reading, writing, discussion, and quiz tasks. After you do that, look at the notes to see what you missed out and how you could improve. You will therefore learn about how households, firms, banks, the government, exporters and importers can affect an economy. I've put together advice for how to SPECIFICALLY write an IB Econ essay for Papers One, two and three. See how other students and parents are navigating high school, college, and the college admissions process. 1. Nail your IB Economics HL prep with this first of its kind comprehensive video course on IB Economics. It is estimated that 85% of small businesses go bankrupt during the first five years; and 85% of those that survive go bankrupt in the next five years. Note: the revision section will be constantly updated and under construction. Subject to the conditions provided for by applicable payments , 1678+ Video tutorials, 1226+ PDF IB Resources, 195+ Sample IAs, 148+ EEs, 8777+ Sample questions, 653+ quizzes, IB Find IB Economics HL and IB Economics SL past papers, Free and Official, in our other article. Complete set of IB Business and Management notes for each category, the government, exporters and ib economics summary notes! 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