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IB Economics HL

This class was created by Brainscape user Jakub Trybull. Visit their profile to learn more about the creator.

By: Jakub Trybull
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Decks in this class (15)

1.1 Competitive markets
What is a market 1,
What is demand in microeconomics 2,
What is the law of demand 3
20  cards
1.2 Elasticities
What does elasticity mean 1,
What does elastic and inelastic m...,
What is ped 3
37  cards
1.3 Government intervention
What are indirect taxes 1,
What are excise taxes 2,
What are sales taxes 3
44  cards
1.4 - Market failure
Define market failure 1,
Where is the most desirable point...,
Define externality 3
53  cards
1.5 Theory of the firm
What does short run mean 1,
What is the long run 2,
Define tp 3
44  cards
2.1 Economic activity
What does the circular flow of in...,
What does a simple and closed eco...,
What are the two parties in the c...
40  cards
2.2 Aggregate demand and aggregate supply
Difference between microeconomic ...,
Why is ad a negative slope 2,
Equation for ad 3
40  cards
2.3 Macro objectives
Define unemployment 1,
Define underemployment 2,
Macroeconomic objectives 3
79  cards
2.4 Demand-side and supply-side policies
What are the two types of macroec...,
Define demand side policies 2,
What is a discretionary policy 3
63  cards
3.1 International trade
What is international trade 1,
How does trade benefit a country ...,
What is specialisation 3
74  cards
3.2 Exchange rates
What does the demand for a foreig...,
What does the demand for a domest...,
For a two currency exchange how a...
77  cards
3.3 Balance of payments
What is the role of the balance o...,
What are the accounts on the bala...,
What does the current account rep...
31  cards
3.4 Economic integration
What is economic integration 1,
What is a preferential trade agre...,
What are the three types of ptas 3
29  cards
3.5 Terms of trade
What is the terms of trade concept 1,
What is the terms of trade equati...,
What is meant by an improvement i...
13  cards
4.1 Understanding Economic Development
What is economic growth 1,
What is economic development 2,
What was trickle down theory 3
24  cards

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IB Economics HL

  • Class purpose General learning

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