With full coverage of the new quantitative element at hl and an expanded glossary, past exam questions build confidence and the focused approach distinctly strengthens comprehension. Evaluation is a very important concept in economics. How to get a 7 in ib economics with no teacher youtube. Notes that follow the ib syllabus on macroeconomics. In this video i quickly cover all the concepts and graph that you will see in an ap macroeconomics or collegelevel introductory macroeconomics course. For international economics, as the name suggests, you will learn about how countries interact and trade with each other. The international baccalaureate ib offers three high quality and challenging. If the file has a name in the title, it means it has been composed by a previous student of mine. Anything other than price of the current item that influences production decisions, including cost of raw materials, cost of labor, level of technology used to produce, number of producers in the market, price of related products, and expected future price. The following diagram illustrates the average cost ac and marginal cost mc curves for. If you need some help in your ib economics slhl class, this study guide is for you. Definitely a great help through the 2 year course and will save you time and trouble.
By purchasing this product, you will receive a downloadable pdf file with the name successoly macroeconomics. Growth, inflation, balance of payments, unemployment, fiscal policy, monetary policy. Ib economics students will study topics such as measuring overall economic activity gdp, and how governments can meet important economic objectives such as low employment, stable inflation and income equity or, reducing inequalities within societies. The ib is a rigorous curriculum, where students strive to be 21st century learners. Mar 10, 2020 comprehensive revision notes and model essays on macroeconomics. Economics is an exciting, dynamic subject that allows students to develop an understanding of the complexities and interdependence of economic activities in a rapidly changing world at the heart of economic theory is the problem of scarcity. It also plays a large part in paper 3, which is the quantitative paper, although that is relatively straightforward. Macroeconomics 1880 1900 1920 1940 1960 1980 2000 matthiasdoepke universityofchicago andreaslehnert boardofgovernorsofthe federalreservesystem andreww. A complete set of class notes covering every learning objective in all four sections of the ib economics sl and hl courses 430. Areas surrounded by a dashed border are higher level only this pack contains all the content for standard level this pack contains all the content for higher level apart from. Ib economics download ebook pdf, epub, tuebl, mobi. Economics notes mbq formulas list of formulas for math based questions. Students take courses in six different subject groups, maintaining both breadth and depth of study.
Macroeconomics everything you need to know youtube. Significantly expanded on the previous version, with not just required knowledge, but also examples of evaluation for each topic. Ib economics paper 3 quantitive methods how to succeed. Ib economics revision notes, worksheets, powerpoint presentations, crosswords.
The newly rewritten notes cover all four sections of the course. These ib economics revision notes follow the official syllabus. Obtain a numerical answer showing the relevant stages in the working. It is what you to when you have finished analysing. Read our set of ib economics notes and our free study guide for the best resources available. Completely updated for the 2011 syllabus at sl and hl and written by an experienced ib economics teacher, this comprehensive study tool supports top achievement. My name is daniel szekely and i work as an ib economics tutor, examiner and teacher. The purpose of this section is to provide students with the opportunity for a detailed examination of the major macroeconomic issues facing countries economic growth, economic development, unemployment, inflation and income distribution. Find ib economics hl and ib economics sl past papers, free and official, in our other article. Paper 2 involves data response questions focussing on international trade and development economics, but a good foundation on macro is needed as well.
In addition to this, hl students study theory of the firm. The level of overall economic activity one topic hl extension. Ib economics higher level subject brief the ib diploma programme, for students aged 16 to 19, is an academically challenging and balanced programme of education that prepares students for success at university and life beyond. This will help you test your knowledge and get a better idea of how well youll score on test day. Ib economics equations paper 3 mocks flashcards quizlet. Laffer curve hl long run aggregate supply lras lorenz curve hl monetary policy multiplier hl natural rate of unemployment net national product nnp nominal gdp open market operations per capita gdp phillips curve hl product markets progressive taxation proportional taxation quantity theory of money real gdp real wage unemployment. This is a complete set of notes for the ib economics sl and hl student.
This database hosts comprehensive ib economics revision notes me and my study group made for the post20 examinations syllabus currently. Microeconomics this section of economics predominantly lends itself to paper 1, where we have to answer a two part essay question purely on microeconomics plus another one on macro. The best ib economics notes and study guide for slhl. Now in colour, with increased diagrams and photographs to support students learning as well as a cd. In other words, for the first time, an ib economics candidate cannot avoid studying this most interesting but also, in my opinion, demanding section of the syllabus. With the growing accessibility of digital resources, ib students can better develop understanding. This database hosts comprehensive ib economics revision notes me and my study group made for the post20 examinations syllabus currently sl material only. Evaluation in economics international baccalaureate support. Basically analyzing is drawing out the theory and then evaluation is drawing. Firm a, which operates in a perfectly competitive market. The fundamental problem of economics is that there is scarcity and that choices must be made. Definitions of economic growth and economic development. Click download or read online button to get ib economics textbook pdf download book now.
These materials cover the complete course, whether it be semester, year or 2year ib with daily support for all aspects of instruction. Ib economics textbook pdf download download ebook pdf. Oct 20, 20 macroeconomic policies there are two types of macroeconomic policies. A on microeconomics followed by section b on you will notice that in each chapter. Economics cheat sheets are collection of definitions and key term explanations for last minute revision. Ib hl economics macroeconomics notes not including diagrams. If you are interested in buying scanned pdf copies of my ib notes, email me at michelle. Please take note that although succinct notes are essential towards your revision, they should not be the only materials you cover working through practice. A site that offers useful and trustworthy ib notes and study guides for free to help high school students study and prepare for ib exams. The economic strategies available to governmentsdemandside policies, supplyside policies, direct interventionare introduced and evaluated. The notes go specification point by specification point, so the whole syllabus is covered. The pdf file contains all of successolys revision notes for the macroeconomics section in the ib economics slhl course. Ib economics revision notes are listed as in the official ib economics syllabus which can be found here. For instance, once you have studied this section of the course you will know about free trade, protectionism, exchange rates, the balance of payments, economic integration and, for hl students, the terms of trade.
Comprehensive revision notes and model essays on macroeconomics. Our bestselling ib diploma course book for economics has been revised and updated in line with the 2011 syllabus change. Ib microeconomics notes price elasticity of demand demand. In addition to these notes, you should also take several practice tests. Macroeconomics this section of economics predominantly lends itself to paper 1, where we have to answer a two part essay question purely on macroeconomics plus another one on micro. The ib diploma programme economics course emphasizes the economic theories of microeconomics, which deal with economic variables affecting individuals, firms and markets, and the economic theories of macroeconomics, which deal with economic variables affecting countries, governments and societies. The ibeconomist provides you with ib economics revision notes which cannot be found in any ib economics study guide. While the worlds population has unlimited needs and wants, there are limited resources to satisfy these needs and wants. By analyzing we mean giving your d efinitions, e xplanations, e xamples and d iagrams deed.
The foundations of economics this section covers an introduction to some of the fundamental concepts of ib economics, as well as the study of economics in general. Hl students may note that some chapters may not organisation of paper 1. Differences in the definitions of the two concepts. This part of the course contains the foundations of economics by examining how individual buyers and sellers interact. The economic strategies available to governmentsdemandside policies, supplyside policies, direct interventionare introduced and. Gross domestic product gdp versus gross national product gnp as measures of growth.
The notes are done by a student who achieved a near. Yet, despite the promising career prospects of the banking industry, i decided to make a larger social impact by becoming a teacher. Combined with the economics classroom video lessons and the economics classroom exercises with answer keys, this resource should be all thats needed to support your teaching and learning in ib economics hl. Some essays i wrote over my two years of taking economics sl. The level of overall economic activity ruru hoong oct 2014 the income approach. The economics classroom ib economics paper 3 quantitative methods the following information will help you prepare for the types of questions you will face on hl paper 3. Show how the theories relate to the question and explain the theories. Ib economicsmacroeconomics wikibooks, open books for an. Macroeconomics is the study of complete economies and the economic activity that occurs within them. Ib economicsmacroeconomicsintroduction to development. Having earned an ma degree in economics at the university of aberdeen, i became a financial analyst at morgan stanley, one of the largest investment banks of the world. Within microeconomics, you will study the concepts of demand and supply, elasticities, government intervention and market failure. Here is a list of useful websites you can use to aid your revision, some of them have very comprehensive notes and guidelines to help you out.
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