Notes for the Coursework IB Economics module: 1.1 Competitive markets. These have been made according to the specification and cover all the relevant topics for examination.
Microeconomics Coursework IB 1.1 Competitive markets Notes:
- 1.1: Competitive markets: Demand & Supply
- Calculating and illustrating equilibrium using linear equations (HL)
- Linear demand functions (equations), demand schedules and graphs (HL)
- Linear supply functions, equations and graphs (HL)
- Market equilibrium and changes in equilibrium
- The role of the price mechanism