IB HL Economics- 2022 Syllabus

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Decks in this class (24)

Central Themes
Term 1, Year 10
3  cards
Scarcity, Choice and Opportunity Cost
Term 1, Year 10
10  cards
Economics as a Social Science
Term 1, Year 10
6  cards
Economic Systems
Term 1, Year 10
5  cards
Demand
Term 2, Year 10
9  cards
Supply
Term 2, Year 10
11  cards
Market Equilibrium
Term 2, Year 10
5  cards
Market Efficiency
Term 2, Year 10
8  cards
Macroeconomics
Define macroeconomics,
Define aggregate
2  cards
Circular Flow of Income
Give examples of injections in an...,
Give examples of leakages in an e...
2  cards
Measures of Economic Activity
Define the expenditure approach,
Define the income approach,
Define the output approach
14  cards
The Business Cycle
Define expansion,
Define peak,
Define contraction
6  cards
Macroeconomic Objectives
Define unemployment,
Define underemployment,
What groups are included in the l...
18  cards
Fiscal Policy
Define equality in relation to in...,
Define poverty,
Define absolute poverty
15  cards
Monetary Policy
What are automatic stabilisers,
Who is monetary policy carried ou...,
What are commercial banks main fu...
7  cards
Global Economics 1
What is international trade
1  cards
Global Economics 2
What is the wto,
What are wto s trade objectives,
What is the wto s role
3  cards
Global Economics 3
What is free trade,
What is trade protection,
Define tariffs and give a real wo...
6  cards
Global Economics 4
Define appreciated,
Define depreciated,
Define economic integration
9  cards
2.8 (Common Pool Resources and Negative Externalities)
What are common pool resources,
What are examples of common pool ...,
Define rivalrous
29  cards
2.9 (Public Goods and Positive Externalities)
What are positive externalities,
Give examples of positive product...,
What are positive production exte...
12  cards
2.10 (Asymmetric Information)
What is asymmetric information,
What is competitive market mechanism,
What is adverse selection
10  cards
2.11 (Market failure- Market Power)
Define firm or business,
Define industry,
Define a market structure and lis...
27  cards
2.12 (The Market's Inability to Achieve Equity)
Define equity,
Define equality,
Define income equality
10  cards

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IB HL Economics- 2022 Syllabus

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