Economics for the International Baccalaureate Diploma

Course content

Microeconomics

Elasticity Government intervention Market failures Theory of the firm and market structure

Higher Level only: Quantitive issues

Macroeconomics

Macroeconomic goalas Introducing aggregate demand and aggregate supply Macroeconomic objectives Fiscal policy Money and monetary policy

Higher Level only: Quantitive issues

International Economics

International trade Exchange rates The balance of payments Economic integration and trade liberalisation Terms of trad

Higher Level only: Quantitive issues

Economic Development

Introduction Measuring development The role of domestic factors in the process of development The role of international trade

The role of foreign direct investment and the multinational corporation The roles of foreign aid and multilateral development assistance The role of foreign debt The balance between markets and the intervention

Supplementary

Exams Examination information Past papers

Glossaries Glossary of terminology