DP IB Economics: SL Exam Questions By Topic

Economics as a Social Science, The Problem of Choice, The Production Possibilities Curve Model (PPC), Modelling the Economy

Economic Methodology, Economic Thought

Demand, Price & Quantity, Non-Price Determinants of Demand

Supply, Price & Quantity, Non-Price Determinants of Supply

Market Equilibrium & Disequilibrium, Functions of the Price Mechanism, Consumer & Producer Surplus

Definition, Calculation & Determinants of PED, The Significance of PED

Definition, Calculation & Illustration of YED

Definition, Calculation & Determinants of PES

Reasons For Government Intervention In Markets, Government Intervention: Indirect Taxes & Subsidies, Government Intervention: Price Controls

Market Failure, Negative Externalities, Positive Externalities, Common Pool (Access) Resources, Government Intervention to Address the Market Failure, Other Interventions to Address the Market Failure

Public Goods

National Income & The Circular Flow of Income, National Income Terminology & Calculations, The Business Cycle, Appropriateness of Using GDP/GNI to Measure Well-being, Alternative Measures of Well-Being

Aggregate Demand (AD), Short-Run Aggregate Supply (SRAS), Alternative Views of Aggregate Supply (AS), Shifts of the Long-Run Aggregate Supply (LRAS), Macroeconomic Equilibrium

An Introduction to Macroeconomic Objectives, Economic Growth, Low Unemployment, Low & Stable Rate of Inflation, Potential Conflicts Between Macroeconomic Objectives

Measuring Inequality & Poverty, Causes of Inequality & Poverty, Using Taxation to Reduce Inequality & Poverty, Other Policies to Reduce Inequality & Poverty

An Overview of Monetary Policy, The Effectiveness Of Monetary Policy

An Overview of Fiscal Policy, The Effectiveness of Fiscal Policy

An Overview of Supply-Side Policies, The Effectiveness of Supply-Side Policies

The Advantages of Free Trade

Tariffs, Quotas, Export Subsidies, Administrative Barriers

Arguments For & Against Trade Protection

Understanding Economic Integration, Types of Trading Blocs, The World Trade Organisation (WTO)

Types of Exchange Rate Systems, Causes & Consequences of Exchange Rate Fluctuations

Components of the Balance of Payments

The Sustainable Development Goals

Single Indicators of Development, Composite Indicators of Development

Poverty Traps, Economic, Political & Social Barriers

Trade Strategies, Diversification & Social Enterprise, Market-Based & Interventionist Policies, Merit Goods & Inward Foreign Direct Investment, Foreign Aid & Development Assistance, Institutional Change, Evaluating Market Orientated Approaches Versus Government Intervention, Progress Towards Sustainable Development Goals