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IB Economics HL

This class was created by Brainscape user Jakub Trybull. Visit their profile to learn more about the creator.

By: Jakub Trybull
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Decks in this class (15)

1.1 Competitive markets
What is a market,
What is demand in macroeconomics,
What is the law of demand
20  cards
1.2 Elasticities
What does elasticity mean,
What does elastic and inelastic mean,
What is ped
37  cards
1.3 Government intervention
What are indirect taxes,
What are excise taxes,
What are sales taxes
44  cards
1.4 - Market failure
Define market failure,
Where is the most desirable point...,
Define externality
53  cards
1.5 Theory of the firm
What does short run mean,
What is the long run,
Define total product
44  cards
2.1 Economic activity
What does the circular flow of in...,
What does a simple and closed eco...,
What are the two parties in the c...
40  cards
2.2 Aggregate demand and aggregate supply
Difference between microeconomic ...,
Why is ad a negative slope,
Equation for ad
40  cards
2.3 Macro objectives
Define unemployment,
Define underemployment,
Macroeconomic objectives
79  cards
2.4 Demand-side and supply-side policies
What are the two types of macroec...,
Define demand side policies,
What is a discretionary policy
63  cards
3.1 International trade
What is international trade,
How does trade benefit a country ...,
What is specialisation
74  cards
3.2 Exchange rates
What does the demand of a foreign...,
What does the demand for a domest...,
For a two currency exchange how a...
77  cards
3.3 Balance of payments
What is the role of the balance o...,
What are the three accounts on th...,
What does the current account rep...
31  cards
3.4 Economic integration
What is economic integration,
What is a preferential trade agre...,
What are the three types of ptas
29  cards
3.5 Terms of trade
What is the terms of trade,
What is the terms of trade equation,
What is meant by an improvement i...
13  cards
4.1 Understanding Economic Development
What is economic growth,
What is economic development,
What was trickle down theory
24  cards

More about
IB Economics HL

  • Class purpose General learning

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