Ib microeconomics Study guides, Revision notes & Summaries

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.

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...

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 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 :)

Complete list of real world examples covering the whole unit 1 and 2 of the 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 2 main units: Introduction to Economics and Microeconomics. 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 oil embargo and DeBeer's m...

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 Economics - Microeconomics Exam 2023...

Complete list of real world examples covering the whole unit 3 of the 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 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 oil embargo and DeBeer's monopoly). The document originally included all 4 units, so the first page of this docu...

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 hl only microeconomics topic of market failure. This includes: - Introduction to market structures - perfect competition - monopolistic competition - monopolies - oligopolies

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 microeconomics topic of market failure required for sl and hl. This includes; - Allocative efficiency - Positive & Negative externalities of Production and consumption