DP IB Economics: HL Flashcards

2.1 Demand

2.2 Supply

2.3 Competitive Market Equilibrium

2.4 Critique of the Maximizing Behaviour of Consumers & Producers

2.5 Elasticities of Demand

2.6 Price Elasticity of Supply (PES)

2.7 The Role of Government in Microeconomics

2.8 Market Failure: Externalities & Common Pool (Access) Resources

2.9 Market Failure: Public Goods

2.10 Market Failure: Asymmetric Information

2.11 Market Failure: Market Power

2.12 The Market’s Inability to Achieve Equity

3.1 Measuring Economic Activity

3.2 Variations in Economic Activity (AD & AS)

3.3 Macroeconomic Objectives

3.4 Inequality & Poverty

3.5 Demand Management: Monetary Policy

3.6 Demand Management: Fiscal Policy

3.7 Supply-Side Policies

4.1 Benefits of International Trade

4.2 Types of Trade Protection

4.3 Arguments for & Against Trade Protection

4.4 Economic Integration

4.5 Exchange Rates

4.6 Balance of Payments

4.7 Sustainable Development

4.8 Measuring Economic Development

4.9 Barriers to Economic Growth & Development

4.10 Economic Growth & Development Strategies