IB Economics

Complete Study Guide & Resource Hub

Module 1: Introduction to Economics

Essential Guides Start your economics journey with fundamental concepts that form the foundation of all economic thinking. Learn about scarcity, choice, and the basic economic questions that drive all societies. Key Topics Covered:

• 1- What is Economic Prosperity?

• 2- Why You Should Take IB Economics?

• 3- The Division of Labour

• 4- A Beginner’s Guide to IB Economics

• 5- The Big Economic Questions

• 6- Scarcity and Opportunity Cost

• 7- The Production Possibility Curve PPC / PPF

• 8- The Circular Flow Model

• 9- Evolution of Economic Thought

Module 2: Microeconomics

In-Depth Guides Dive deep into individual markets, consumer behavior, and firm decisions. Master elasticity, market structures, externalities, and market failure with real-world applications and exam techniques.

Key Topics Covered:

• 1- Supply

• 2- Rational Consumer Choice (HL)

• 3- Bounded Self-Control (HL)

• 4- Business Objectives (HL)

• 5- Market Equilibrium

• 6- Price Elasticity of Demand (PED)

• 7- Demand

• 10-Income Elasticity of Demand (YED)

• 11- PES (Price Elasticity of Supply)

• 12- Balancing the Market Game Price Controls (Part 1)

• 13- Balancing the Market Game (Part 2): Taxes, Subsidies & Nudges

• 14- Market Failure

• 15- Market Failure in Common Pool Resources

• 16- Externalities

• 17- Public Goods

• 18- Asymmetric Information (HL)

• 19- Market Power Part 1: Perfect Competition

• 20- Market Power Part 2: How Firms Chase Profit

• 21- Market Power Part 3: Monopoly and Natural Monopoly

• 22- Market Power Part 4: Oligopoly, Collusion, and Game Theory

• 23- Market Power Part 5: Measuring Market Power Monopolistic Competition

• 24- Price Controls: When Politicians Try to Fix Markets

• 25- Pollution Economics

• 26- Regulation vs Deregulation

• 27- The Ultimate Guide to Public Goods

• 28- Taxation and taxation examples

Module 3: Macroeconomics

Comprehensive Guides Understand the big picture of national economies. Explore GDP, inflation, unemployment, fiscal and monetary policy, and the eternal debate between Keynesian and Monetarist approaches.

Key Topics Covered:

• 1- Free Markets: Inequality and the Circular Flow

• 2- Measuring Economics - GDP, GNI and the Circular Flow (Part 1)

• 3- Measuring Economics Can You Measure Happiness? (Part 2)

• 4- Aggregate Demand

• 5- Aggregate Supply

• 6- Macroeconomic Equilibrium - Monetarists vs Keynesians

• 7- Monetarist vs Keynesian - Economic Policy and Assumptions

• 8- The Story of Economic Growth

• 9- Unemployment More Than Just Numbers

• 10-Unemployment: Why Some Joblessness Is Just Inevitable

• 11- Inflation

• 12- Deflation

• 13- National Debt

• 14- Macroeconomic Goals

• 15- The Economics of Inequality

• 16- Understanding Poverty

• 17- Why Inequality Happens

• 18- How Governments Fight Inequality

• 19- Monetary Policy

• 20-Advanced Monetary Policy

• 21- Fiscal Policy

• 22- Fiscal Policy Part 2

• 23- Supply-Side Policies

• 24- Do Supply-Side Policies Work on Demand?

• 25- Inflation Part 2

• 26- The Evolution of Money

• 27- Bonds Explained

• 28- Interest Rates Explained

• 29- The Minimum Wage

• 30- The Minimum Wage Debate: Are Good Intentions Enough?

• 31- Economic Growth

• 32- Fighting Economic Downturns

• 33- Productivity and Economic Growth

• 34- The Labour Market Explained

• 35- Technology and Economic Growth

• 36- Does Economic Prosperity Actually Bring Happiness?

• 37- Corruption

• 38- Why Do Recessions Happen

• 39- Entrepreneurship and Say vs Schumpeter Entrepreneurship

  
  

Module 4: International Trade & Global Economy

Global Guides Navigate the complex world of international economics. From trade theory and protectionism to exchange rates and development economics, understand how countries interact economically.

Key Topics Covered:

• 1- Benefits of International Trade

• 2- Absolute vs. Comparative Advantage

• 3- Tariffs Explained

• 4- Quotas

• 5- Subsidies

• 6- Trade Protection

• 7- Economic Integration

• 8- Monetary Unions

• 9- The World Trade Organisation

• 10- Exchange Rates

• 11- Fixed Exchange Rates

• 12- Balance of Payments Part 1

• 13- Balance of Payments Part 2

• 14- Balance of Payments Part 3 (HL)

• 15- Sustainable Development

• 16- More Than Just Money: Economic Development

• 17- The Composite Indicators

• 18- Poverty Traps

• 19- 10 Roadblocks to Prosperity

• 20-The Political and Social Roadblocks

• 21- 10 Epic Strategies for Economic Growth & Development

• 22-Why Some Economic growth and development Strategies Shine While Others Flop

• 23- Sustainable Development Goals

Why Choose Our IB Economics Hub?

• Exam-Focused Content: Every guide is designed with IB Economics exam requirements in mind, ensuring you know exactly what matters for your assessments.

• Real-World Examples: From TikTok economics to McDonald's efficiency, we make abstract concepts concrete and memorable.

• Complete Coverage: All four modules, both SL and HL content, with 90+ guides covering every topic in the IB Economics syllabus.

• Think Like an Economist: Don't just memorise formulas - develop the analytical thinking skills that make economics a powerful tool for understanding the world. Ready to master IB Economics? Start with any module above and begin your journey to economic understanding today.

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