Ib microeconomics - Study guides, Class notes & Summaries

Detailed diagrams concerning the whole of the IB Economics SL&HL course on microeconomics. Diagrams have an explanation that targets the points examiners are looking for.

This document contains an example of a high-scoring Microeconomics internal assignment about Market failure stemming from E-cigarettes and proposed tax.

IB Economics HL – Microeconomics questions with actual answers.

IB Economics Microeconomics questions with actual answers.

Comprehensive Summary Note to Market Failure in Microeconomics Essential Notes for IB and University Business and Economics Students The main theme of this summary note is to discuss the definition of market failure, types of market failures such as public goods, merit and demerit goods, externalities, and potential solutions. The inclusion of economic graphs related to market failure helps readers easily visualize and understand economic concepts. Therefore, the summary note is useful...

IB Economics SL Microeconomics questions & answers.

IB Economics notes that covers international economics, some microeconomics and macroeconomics.

The document is a summary of the basic supply and demand graphs at the start of Unit 2 (Microeconomics) in the IB Economics course. It includes the basic supply and demand graphs as well as the price elasticity of demand and price elasticity of supply graphs.

IB Economics Unit 1 Quiz #1-Questions and Answers Graded A+ Economics is the study of - ANSWER-choices Economics is the science of - ANSWER-scarcity Scarcity - ANSWER-we have unlimited wants but limited resources Economics is a social science concerned with: - ANSWER-the efficient use of scarce resources to achieve the maximum satisfaction of economic wants Microeconomics vs. Macroeconomics - ANSWER-Micro- Study of econ on a smaller scale (personal(specific) / local) Macro- Study o...

Written by someone who achieved a LEVEL 7, this detailed guide of unit 2 breaks down complex economic theories, covering each topic in this unit clearly. Most importantly, REAL WORLD EXAMPLES are included throughout, to contextualise key concepts and impress examiners with up-to-date, relevant knowledge (vital for a 7 in HL Economics!)