IB Study Guide: Economics for the IB Diploma: Study Guide Standard and Higher Level

IB Study Guide: Economics for the IB Diploma: Study Guide Standard and Higher Level

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This guide provides crisp revision of all syllabus topics with detailed support for constructing, analysing and labelling diagrams to assist with complete understanding. In addition, students will learn how to design, select and use diagrams to explain concepts while answering examination questions. A 'tips' section provides practical suggestions and a complete glossary provides a much needed teacher and student reference. In addition, there are guidelines on examiner recommendations along with exam practice and a selection of past questions.
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Product details

  • Paperback | 160 pages
  • 210 x 297 x 9mm | 433g
  • Oxford, United Kingdom
  • English
  • Study Guide
  • figures
  • 0199152284
  • 9780199152285
  • 175,555

Table of contents

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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Review quote

This is a study guide which follows the syllabus carefully. It is useful when students are completing practise extended responses, as it provides a quick and precise overview of each topic. I use it to help summarise the Development topic after students complete a series of research projects. I keep a stash of these in my class to help students who struggle with the rich English requirements of the course. Andrew McCarthy, International School of Singapore
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5 ratings
3.8 out of 5 stars
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3 40% (2)
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