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Economics
Syllabus
What is economics?
1.1
How do economists approach the world?
1.2
Demand
2.1
Supply
2.2
Competitive market equilibrium
2.3
Critique of the maximizing behaviour of consumers and producers
2.4
Elasticity of demand
2.5
Elasticity of supply
2.6
Role of government in microeconomics
2.7
Market failure: externalities and common pool or common access resources
2.8
Market failure: public goods
2.9
Market failure: asymmetric information
2.10
Market failure: market power
2.11
The market's inability to achieve equity
2.12
Measuring economic activity and illustrating its variations
3.1
Aggregate demand and aggregate supply
3.2
Macroeconomic objectives
3.3
Economics of inequality and poverty
3.4
Monetary policy
3.5
Fiscal policy
3.6
Supply-side policies
3.7
Benefits of international trade
4.1
Types of trade protection
4.2
Arguments for and against trade control/protection
4.3
Economic integration
4.4
Exchange rates
4.5
Balance of payments
4.6
Sustainable development
4.7
Measuring development
4.8
Barriers to economic growth and/or economic development
4.9
Economic growth and/or economic development strategies
4.10
Labs
AD–AS diagram
Transmission mechanism
Public purchases and output
Training and productive capacity
Market adjustment
Practice
10-mark answer
1.1
10-mark answer
1.1
4-mark answer
1.1
4-mark answer
1.1
4-mark answer
1.1
4-mark answer
1.1
2-mark answer
1.1
10-mark answer
1.2
10-mark answer
1.2
4-mark answer
1.2
4-mark answer
1.2
4-mark answer
1.2
4-mark answer
1.2
10-mark answer
2.1
10-mark answer
2.1
4-mark answer
2.1
4-mark answer
2.1
2-mark answer
2.1
10-mark answer
2.2
10-mark answer
2.2
4-mark answer
2.2
4-mark answer
2.2
2-mark answer
2.2
4-mark answer
2.3
10-mark answer
2.3
10-mark answer
2.3
4-mark answer
2.3
4-mark answer
2.3
4-mark answer
2.3
4-mark answer
2.3
2-mark answer
2.4
4-mark answer
2.4
4-mark answer
2.4
4-mark answer
2.4
10-mark answer
2.4
15-mark answer
2.4
2-mark answer
2.5
2-mark answer
2.5
4-mark answer
2.5
2-mark answer
2.5
5-mark answer
2.5
4-mark answer
2.5
4-mark answer
2.5
4-mark answer
2.5
4-mark answer
2.5
10-mark answer
2.5
15-mark answer
2.5
4-mark answer
2.5
4-mark answer
2.5
10-mark answer
2.5
10-mark answer
2.5
2-mark answer
2.6
2-mark answer
2.6
4-mark answer
2.6
4-mark answer
2.6
10-mark answer
2.6
10-mark answer
2.6
10-mark answer
2.7
10-mark answer
2.7
15-mark answer
2.7
8-mark answer
2.7
8-mark answer
2.7
4-mark answer
2.7
4-mark answer
2.7
4-mark answer
2.7
4-mark answer
2.7
4-mark answer
2.7
4-mark answer
2.7
4-mark answer
2.7
10-mark answer
2.8
10-mark answer
2.8
15-mark answer
2.8
15-mark answer
2.8
15-mark answer
2.8
4-mark answer
2.8
4-mark answer
2.8
4-mark answer
2.8
2-mark answer
2.8
6-mark answer
2.8
4-mark answer
2.8
2-mark answer
2.8
10-mark answer
2.9
15-mark answer
2.9
2-mark answer
2.9
4-mark answer
2.9
4-mark answer
2.9
4-mark answer
2.9
10-mark answer
2.10
15-mark answer
2.10
2-mark answer
2.10
4-mark answer
2.10
4-mark answer
2.10
4-mark answer
2.10
10-mark answer
2.11
10-mark answer
2.11
15-mark answer
2.11
15-mark answer
2.11
4-mark answer
2.11
4-mark answer
2.11
2-mark answer
2.11
4-mark answer
2.11
4-mark answer
2.11
4-mark answer
2.11
4-mark answer
2.11
10-mark answer
2.12
2-mark answer
2.12
4-mark answer
2.12
4-mark answer
2.12
4-mark answer
3.1
4-mark answer
3.1
4-mark answer
3.1
4-mark answer
3.1
2-mark answer
3.1
4-mark answer
3.1
4-mark answer
3.1
4-mark answer
3.1
10-mark answer
3.1
15-mark answer
3.1
10-mark answer
3.2
10-mark answer
3.2
15-mark answer
3.2
4-mark answer
3.2
4-mark answer
3.2
2-mark answer
3.2
4-mark answer
3.2
10-mark answer
3.3
10-mark answer
3.3
10-mark answer
3.3
15-mark answer
3.3
15-mark answer
3.3
2-mark answer
3.3
2-mark answer
3.3
4-mark answer
3.3
4-mark answer
3.3
4-mark answer
3.3
4-mark answer
3.3
2-mark answer
3.3
4-mark answer
3.3
4-mark answer
3.3
10-mark answer
3.4
15-mark answer
3.4
15-mark answer
3.4
2-mark answer
3.4
4-mark answer
3.4
4-mark answer
3.4
4-mark answer
3.4
6-mark answer
3.4
4-mark answer
3.4
4-mark answer
3.4
2-mark answer
3.4
4-mark answer
3.4
10-mark answer
3.5
15-mark answer
3.5
4-mark answer
3.5
4-mark answer
3.5
4-mark answer
3.5
10-mark answer
3.5
4-mark answer
3.5
10-mark answer
3.6
15-mark answer
3.6
4-mark answer
3.6
4-mark answer
3.6
4-mark answer
3.6
4-mark answer
3.6
2-mark answer
3.6
4-mark answer
3.6
4-mark answer
3.6
10-mark answer
3.7
15-mark answer
3.7
4-mark answer
3.7
4-mark answer
3.7
4-mark answer
3.7
10-mark answer
4.1
10-mark answer
4.1
2-mark answer
4.1
4-mark answer
4.1
4-mark answer
4.1
4-mark answer
4.1
4-mark answer
4.1
10-mark answer
4.1
15-mark answer
4.1
15-mark answer
4.2
15-mark answer
4.2
10-mark answer
4.2
2-mark answer
4.2
4-mark answer
4.2
4-mark answer
4.2
8-mark answer
4.2
4-mark answer
4.2
4-mark answer
4.2
10-mark answer
4.3
10-mark answer
4.3
15-mark answer
4.3
15-mark answer
4.3
2-mark answer
4.3
4-mark answer
4.3
4-mark answer
4.3
4-mark answer
4.3
15-mark answer
4.4
10-mark answer
4.4
10-mark answer
4.4
15-mark answer
4.4
2-mark answer
4.4
4-mark answer
4.4
2-mark answer
4.4
2-mark answer
4.4
4-mark answer
4.4
4-mark answer
4.4
10-mark answer
4.5
15-mark answer
4.5
15-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.5
4-mark answer
4.6
4-mark answer
4.6
2-mark answer
4.6
4-mark answer
4.6
10-mark answer
4.6
4-mark answer
4.6
4-mark answer
4.6
4-mark answer
4.6
4-mark answer
4.6
10-mark answer
4.6
15-mark answer
4.6
15-mark answer
4.6
10-mark answer
4.7
10-mark answer
4.7
2-mark answer
4.7
4-mark answer
4.7
4-mark answer
4.7
10-mark answer
4.8
15-mark answer
4.8
15-mark answer
4.8
2-mark answer
4.8
4-mark answer
4.8
4-mark answer
4.8
4-mark answer
4.8
10-mark answer
4.9
15-mark answer
4.9
2-mark answer
4.9
4-mark answer
4.9
4-mark answer
4.9
10-mark answer
4.10
15-mark answer
4.10
15-mark answer
4.10
2-mark answer
4.10
4-mark answer
4.10
4-mark answer
4.10
Paper 2 practice set: Ending the fuel subsidy in Meridia
Paper 2 practice set: A tariff on steel in Sorala
Paper 2 practice set: Inflation and interest rates in Nordavia
Paper 2 practice set: Copper, foreign investment and development in Kestria
Paper 3 practice set: Reducing the consumption of sugary drinks in Lumeria
Paper 3 practice set: Recession and unemployment in Velmora
Economics
Practice
4-mark answer
AI-generated, not reviewed
SL/HL
4 marks, command term
Explain
Explain two reasons why the demand for petrol is likely to be price inelastic in the short run.
Paper 2-style short part (standalone practice; not an IB question).