IB Economics

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Table of contents

• Introduction to the Guide
• How to use this Guide

Introduction to Economics

• Definition of economics and social science.
• PPF and PPC
• Free Market versus Planned Economy
• Factors of Production

Microeconomics

• Markets
• Elasticities
• Theory of the Firm
• Market Failure

Macroeconomics

• GDP and National Income
• Unemployment
• Inflation
• Distribution of Income

International Economies

• Reasons for Trade
• Economic Integration
• Exchange Rates
• Balance of Payments
• Terms of Trade

Development Economics

• Sources of Economic Growth and/or Development
• Consequences of Growth
• Barriers to Economic Growth
• Growth and Development Strategies
• Evaluation of Growth and Development Strategies.

External links