IB Study Guide: Economics

The second edition of the Economics Study Guide covers the new 2011 IB Economics Diploma Programme, and is suitable for both Higher and Standard level students. Concise coverage of all syllabus topics ensures that students' revision is comprehensive, for the strongest exam potential. Particular focus is given to the construction and analysis of graphs, as well as a brand new quantitative section, which gives Higher Level students extra confidence for the new mathematical elements of their course. A thoroughly EAL friendly approach, with straightforward language, summary tables and an extended glossary covering all terms in the 2011 syllabus will help all students focus on mastering the theory. New edition available now - ISBN 97801983900151. Microeconomics; Competitive markets: demand and supply; Elasticity; Government intervention; Market failures; Theory of the firm and market structure; 2. Macroeconomics; Macroeconomic goals; Introducing aggregate demand and aggregate supply; Macroeconomic objectives; Fiscal policy; Money and monetary policy; 3. International economics; International trade; Exchange rates; The balance of payments; Economic integration and trade liberalization; Terms of trade; 4. Development economics; Economic development; Measuring development; The role of domestic factors in the process of development; The role of international trade; The role of foreign direct investment and the multinational corporation; The roles of foreign aid and multilateral development assistance; The role of foreign debt; The balance between markets and intervention; 5. Quantitative issues in HL Paper 3; Microeconomics; Macroeconomics; International economics; Glossary