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IB Economics > 2.12 The Market's Inability to Achieve Equity (HL) > Flashcards

2.12 The Market's Inability to Achieve Equity (HL) Flashcards

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IB Economics (49 decks)

1.1 Understanding Economics

1.2 The Three Basic Economic Questions

1.3 Understanding The World by Use of Models

2.1 Introduction to Competitive Markets

2.3 Competitive Market Equilibrium + Price Mechanisms

2.4 Critique of the maximising behaviour of consumers and producers (HL)

2.4B Choice architecture

2.5 Elasticities

2.6 Price Elasticity of Supply [PES]

2.7a Role of government in microeconomics [TAX + SUBSIDY]

2.7b Role of government in microeconomics [PRICE FLOOR+CEILING]

2.8a Market Failure - Negative Externalities + CPRs

2.8 Market Failure - Positive Externalities

2.8c Market Failure

2.9 Market Failure - Public Goods

2.10 Asymmetric Information

2.11a Market Power

2.11b Perfect Competition

2.11c Imperfect Competition

2.11d further game theory

2.12 The Market's Inability to Achieve Equity (HL)

3.1 Measuring Economic Activity

3.2 Variations in Economic Activity (AD + AS)

3.3 Macroeconomic Objectives

3.4 Economies of Inequality and Poverty

3.5 Demand Management - Monetary Policy

3.5 Demand management (Demand-side policies)-- Monetary policy

3.6 Demand Management - Fiscal Policy

4.1 Theories of Trade

4.2 Types of Trade Protection

4.3 Arguments for and Against Free trade

4.4 Economic Integration

4.5 Exchange Rates

4.5b Other Exchange Rate Systems

4.6 Balance of Payments

4.6b Solutions To Current Account Deficit

4.6c Marshall-Lerner Condition

4.7 + 4.8 Global development

4.7 + 4.8 DRC examples

4.9 Economic barriers DRC

4.10 International Trade Strategies DRC

4.1b Limitations of comparative advantage

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