Ib microeconomics - Study guides, Class notes & Summaries

Microeconomics is the study of the behaviour of individual markets - Answer Microeconomics Macroeconomics is the study of how an economy functions as a whole - Answer Macroeconomics Pleasure that an individual derives from the consumption of a good or service - Answer Utility shows the maximum combinations of goods or services that can be produced by an economy in a given time period if all the resources are efficiently and fully used - Answer Production possibilities curve (PPC...

IB Economics HL – Microeconomics Exam Questions and Answers (latest Update 2024)

Complete list of real world examples covering the whole IB HL Economics course. Excellent to use in Paper 1, for the 15-mark question, that requires to include examples from the real world. The document is divided in the 4 main units: Introduction to Economics, Microeconomics, Macroeconomics, and The Global Economy. It then offers examples for all topics. The document was written in 2022, so most examples are very current (including Brexit and Covid), while others are more historical (1973 oi...

Notes for microeconomics, scored 7 for IB Economics HL

Hi guys I'm a previous IB student that received a level 7 in the HL Economics course and 44 points overall. This doc has a summary of all of my class notes for the new 2020 Economics syllabus in the Introductory and Microeconomics topics. This includes: Changing PED and the Demand Curve; Competitive Markets and Demand; Law of Supply; Law of diminishing utility; Behavioural Economics (+ nudge theory); Applications of YED; All Market structures (Monopolistic competition, perfect competition, mon...

Summary of the SL portion of part of the microeconomics unit of the SL IB economics course (the new 2020 onwards syllabus). This document covers Competitive Market Equilibrium, the Price Mechanism and Law of Supply.

Paper 1 (SL and HL) markschemes Cambridge Resources for the IB Diploma Examples of markschemes for Exam practice: paper 1 in the Economics for the IB Diploma CD-ROM are provided below. Paper 1 section A: Microeconomics Paper_1_Exam_Practise_Test_answers Chapter 2 Competitive markets: demand and supply SL/HL core topics Part (a) questions 2.3 (a) Answers may include:  Definitions of demand and quantity demanded.  Theory of demand: law of demand with reference to changes in demand...

IB Micro Full list of definitions - I was an IB Econ HL student and managed to score a 7 on my exams with the helps of these notes, I hope they can help you too :)