Ib microeconomics Study guides, Class notes & Summaries

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

FULL EXAM REVISION GUIDE for IB Micro Section on Market Failure. I have compiled all possible variations of questions that could be asked on exams involving Market Failure using IB past paper questions (highlighted in the document in blue). There are an infinite number of ways the IB can ask a question, but these outlines cover ALL the possible answers you can give, you just need to apply them - I made and used these for my own prep, took the exams in May 2022 and scored a 7 in Econ HL, I hope t...

The microeconomics IA that achieved a 7 when marked by assessors. Follow the same structure and you'll be guaranteed higher marks.

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

FULL EXAM REVISION GUIDE for IB Micro Section on Price Controls. I have compiled all possible variations of questions that could be asked on exams involving price controls using IB past paper questions (highlighted in the document in blue). There are an infinite number of ways the IB can ask a question, but these outlines cover ALL the possible answers you can give, you just need to apply them - I made and used these for my own prep, took the exams in May 2022 and scored a 7 in Econ HL, I hope t...

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...

FULL EXAM REVISION GUIDE for IB Micro Section on Elasticity (Price Elasticity of Demand & Supply, and Income Elasticity of Demand & Supply). I have compiled all possible variations of questions that could be asked on exams involving elasticity using IB past paper questions (highlighted in the document in blue). There are an infinite number of ways the IB can ask a question, but these outlines cover ALL the possible answers you can give, you just need to apply them - I made and used these for my ...

Contains the key concepts needed to evaluate part b)/ part d) type questions.

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...

FULL EXAM REVISION GUIDE for IB Micro Section on Demand and Supply. I have compiled all possible variations of questions that could be asked on exams involving Demand and Supply using IB past paper questions (highlighted in the document in blue). There are an infinite number of ways the IB can ask a question, but these outlines cover ALL the possible answers you can give, you just need to apply them - I made and used these for my own prep, took the exams in May 2022 and scored a 7 in Econ HL, I ...