Ib econ Study guides, Revision notes & Summaries

IB Economics Diagrams for Exam Prep |UPDATED| Negative Externalities The government will increase MPC to match MSC. Effects of indirect taxes on consumer and producer surplus Market Demand Movement on curve vs. shift of curve (demand/supply same concept) Market supply Market equilibrium Consumer/producer surplus in competitive market How does a change in demand single price change? Inelastic PEDcurve Elastic PED curve Unit elasticity (PED=1) Varying PED along a demand curve As yo...

Actual Output Production of goods and services in a given time period Potential output Possible production of goods or services in an economy if all available factors are employed Actual Growth Occurs where previous unemployment of factors of production are brought into use. It is represented on the PPC curve from a point to another point that is nearer to PPC curve. Potential Growth Occurs when there is an increase in quantity and increase in quality of factors of production. It is r...

IB Economics Macroeconomics.

Notes for microeconomics, scored 7 for IB Economics HL

Macroeconomics notes for IB Economics HL (scored 7)

IB Economics HL - graded past papers IB Economics HL - paper 1 (52%) IB Economics HL - paper 1 (88%) IB Economics HL - paper 1 (92%) IB Economics HL - paper 2 (55%) IB Economics HL - paper 2 (75%) IB Economics HL - paper 3 (75%)

IB Economics Notes Chapter 13-15 Define 'macroeconomics': - The study of a national economy List the five (5) main macroeconomic variables and their objectives - 1)Economic growth - A steady rate of increase of national output 2)Employment - A low level of unemployment 3)Price stability - A low and stable rate of inflation 4)External stability - A favorable balance of payments position 5) Income distribution - An equitable distribution of income Describe how saving is a...

VAQA_AS Economics Paper 2_Question Paper_2023 | ECON 3140_THE NATIONAL ECONOMY IN A GLOBAL CONTEXT AS ECONOMICS Paper 2 The national economy in a global context Thursday 16 May 2019 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Ans...

AQA_AS Economics Paper 2_Question Paper_2019 | ECON 3140_THE NATIONAL ECONOMY IN A GLOBAL CONTEXT AS ECONOMICS Paper 2 The national economy in a global context Thursday 16 May 2019 Morning Time allowed: 1 hour 30 minutes Materials For this paper you must have: • the insert • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Fill in the boxes at the top of this page. • Answ...

IB Economics Macroeconomics Exam