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IB Economics: revision by specification section

Every Ceteris module mapped to the IB Diploma Programme Economics (SL and HL), first assessment 2022 specification: a definition, how it works, and exam-style questions through the page.

65 modules
27 of 31 sections
5 free

Unit 1: Introduction to economics

6 modules across 2 sections. See them section by section.

1.1 What is economics?5
1.2 How do economists approach the world?1

Unit 2: Microeconomics

28 modules across 11 sections. See them section by section.

2.1 Demand2
2.2 Supply2
2.3 Competitive market equilibrium3
2.4 Critique of the maximising behaviour of consumers and producers1
2.5 Elasticity of demand3
2.6 Elasticity of supply1
2.7 Role of government in microeconomics5
2.8 Market failure: externalities and common pool or common access resources4
2.9 Market failure: public goods1
2.10 Market failure: asymmetric information1
2.11 Market failure: market power5

Unit 3: Macroeconomics

21 modules across 7 sections. See them section by section.

3.1 Measuring economic activity and illustrating its variations4
3.2 Variations in economic activity: aggregate demand and aggregate supply2
3.3 Macroeconomic objectives5
3.4 Economics of inequality and poverty2
3.5 Demand management: monetary policy3
3.6 Demand management: fiscal policy4
3.7 Supply-side policies1

Unit 4: The global economy

10 modules across 7 sections. See them section by section.

4.1 Benefits of international trade2
4.2 Types of trade protection2
4.4 Economic integration1
4.5 Exchange rates2
4.6 Balance of payments1
4.8 Measuring development1
4.10 Economic growth and/or economic development strategies1