Notes

Coursework Economics revision notes made for the IB(International Baccalaureate) exam boards. This covers all the topics and modules for all specifications.

Topics that are covered includes Microeconomics – 1.1 Competitive markets; 1.2 Elasticities; 1.3 Government intervention; 1.4 Market Failure; 1.5 Theory of the Firm (HL); Macroeconomics – 2.1 Economic activity; 2.2 Aggregate demand and aggregate supply; 2.3 Macroeconomic objectives; 2.4 Fiscal policy; 2.5 Monetary policy; 2.6 Supply-side policies; International Economics – 3.1 International Trade; 3.2 Exchange Rates; 3.3. Balance of Payments; 3.4 Economic Integration; 3.5 Terms of Trade (HL); Development Economics – 4.1 Economic development; 4.2 Measuring development; 4.3 The role of domestic factors; 4.4 The role of international trade; 4.5 The role of foreign direct investment (FDI); 4.6 The roles of foreign aid and multilateral development assistance; 4.7 The role of international debt; 4.8 The balance between markets and interventions.

1.1 Competitive markets:

1.2 Elasticities:

1.3 Government intervention:

1.4 Market Failure:

1.5 Theory of the Firm (HL):

2.1 Economic activity: 

2.2 Aggregate demand and aggregate supply:

2.3 Macroeconomic objectives:

2.4 Fiscal policy:

2.5 Monetary policy:

2.6 Supply-side policies:

3.1 International Trade: 

3.2 Exchange Rates:

3.3. Balance of Payments:

3.4 Economic Integration:

3.5 Terms of Trade (HL):

4.1 Economic development: 

4.2 Measuring development:

4.3 The role of domestic factors:

4.4 The role of international trade:

4.5 The role of foreign direct investment (FDI):

4.6 The roles of foreign aid and multilateral development assistance:

4.7 The role of international debt:

4.8 The balance between markets and interventions:

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