Economics for Standard and Higher Level: IB Diploma Programme

Description This book covers the IB Diploma Programme at Standard and Higher Levels by highlighting the Higher Level extension topics. It is written in 5 sections with 25 chapters and runs to 96 pages. Section 1: Introduction to Economics Introduction to Economics Section 2: Microeconomics Demand and supply Elasticity Government intervention Cost and revenue curves Perfect competition Monopolistic competition Oligopoly Monopoly Contestable markets Price discrimination Market failure Section 3: Macroeconomics The circular flow of income and policy objectives AD and AS Demand and supply side policies Inflation and unemployment Section 4: International Economics Introduction to trade Free trade vs protectionism Economic integration The balance of payments Exchange rates Section 5: Development Economics Economic growth vs economic development Growth and development strategies Success at IB Economics Tackling the exam: Essays, short answers and data responses Internal assessment Click on the blue categories & tags above to browse the subject area further and explore more from the author, publisher, programme and contributors.