Uniquely developed with the IB

• Includes a key section on Development and International Economics
• Written by experienced authors and teachers, who are both deputy chief examiners.
• Activities and features provide opportunity for learning and discussion around core and wider issues.
• Exam, portfolio and Extended Essay advice provided
• Lively and accessible, this book will inspire student to engage in the subject
• This book has been written and developed in collaboration with the IBO

Section 1: Introduction to Economics
1: What is economics?
2: Rationing systems
Section 2: Microeconomics
3: Demand and supply
4: The interaction of, and application of, demand and supply
5: Elasticities
6: Indirect taxes, subsidies, and elasticity
7: Costs, revenues, and profit
8: Perfect competition
9: Monopoly
10: Monopolistic competition
11: Oligopoly
12: Price discrimination and contestable markets
13: Market failure
Section 3: Macroeconomics
14: Measuring national income
15: Measuring economic development
16: Aggregate demand
17: Aggregate supply
18: Macroeconomic equilibrium
19: Inflation and deflation
20: Unemployment
21: The inflation-unemployment trade-off debate
22: Distribution of income
Section 4: International Economics
23: Why do countries trade?
24: Free trade and protectionism
25: Economic integration
26: Exchange rates
27: Balance of terms
28: Terms of trade
Section 5: Development Economics
29: Characteristics of developing countries
30: Sources and consequences of economic growth and economic development
31: Barriers to economic growth and development
32: Growth and development strategies
33: Aid and indebtedness
34: Assessment advice and service opportunities
Index

IB Diploma Resources
International Baccalaureate Website
IB Study Guide: Economics