eBook
Unit 3.1(2): Measuring Economic Development
Economic development can be defined as the improvement of the well-being of a country’s citizens over time. Welfare or well-being are subjective terms, which makes defining economic development as 'an...
Lesson plans
Unit 2.5-2.6: Elasticity
This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the microeconomics unit, 2.5-2.6: Elasticity. Typically each lesson plan...
eBook
Unit 2.11(4) Market power - Monopolistic competition(HL)
Monopolistic competition is a form of imperfect competition. Many markets across the economy share the characteristics of monopolistic competition, such as hairdressers, restaurants, plumbers and care...
eBook
Unit 2.11(3) Market power - Monopoly(HL)
In theory, a monopoly exists when one firm's output accounts for the total market supply of an industry. In reality, there are very few examples of pure monopolies because it is nearly always possible...
eBook
Unit 2.11(2) Market power - Perfect competition(HL)
Perfect competition is a theoretical model of how a market behaves under the purest form of competition. There are no examples of pure perfect competition, but the characteristics of perfect competition...
eBook
Unit 2.11(1) Market power - Theory of production and costs (HL)
The production costs faced by producers in the economy have a significant influence on their supply decisions. Along with consumer demand, costs play a crucial role in determining prices and outputs in...
eBook
Unit 2.10: Asymmetric information (HL)
Asymmetric information is an imbalance of information between buyers and sellers in a market that gives one side an unfair advantage in a transaction. For example, when someone buys a used car, the seller...
Review/Revision
Introduction to the review/revision guide
This section of the site focuses specifically on revision. It is designed to prepare students for the final HL and SL economics examinations. This section of the site focuses specifically on revision....
eBook
Introduction to the eBook
text The aim of this book is to support students and teachers as they follow the new IB Economics course specification, which started in 2020 and had its first assessment examinations in 2022. To effectively...
Google Slides
Introduction to Google Slides
The pages in this section provide links to the Google Slides presentations for the whole Economics IB course. The slides cover each part of the syllabus and include related discussion questions. The slides...