Exam success through diagrams
1: Introduction Scarcity The fundamental questions of economics 2: Microeconomics The behaviour of consumers The behaviour of producers Equilibrium The question of resource allocation Elasticity Price controls Indirect taxation and subsidies Agriculture and agricultural policy Theory of production Cost theory Goals of firms Market structures Market failures IB Questions: Sections 1 and 2 3: Macroeconomics Measuring overall economic activity The concept of equilibrium in economics Introducing aggregate demand and aggregate supply The trade or business cycle The components of aggregate demand A closer examination of aggregate supply The effects of AD/AS shift Demand-side politics Supply-side politics Inflation Unemployment The Phillips curve Distribution of income Inflationary and deflationary gaps: an alternative presentation Schools of economic thought: a brief outline IB Questions: Section 3 4: International Economics Free trade and welfare Specialization Protectionism Forms of protectionism Economic integration and trade liberalization Exchange rates The balance of payments Correcting imbalances The terms of trade IB Questions: Section 4 5: Development Economics Characteristics of developing economics Measuring economic development Sources of long-run growth Barriers to growth and development Looking beyond growth: sources of development Foreign direct investment and the multinational enterprise Foreign aid Trade and development Indebtedness Structuralist models of development IB Questions: Section 5 Additional items Glossary of syllabus terms Guidance for students on evaluation Guidance for students on diagrams Review questions using diagrams Index
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