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Decks in this class (22)
Poverty HL
Define absolute poverty 1,
Define relative poverty 2 2,
Causes of poverty 5 3
15
cards
Population
Emigration definition 1,
Birth rate definition 2,
Death rate definition 3
20
cards
Economic Development
Define economic development 5 1,
Measures of economic development 2 2,
Causes of differences in economic...
25
cards
International Specialisation
Define specialisation at an inter...,
How does a country determine what...,
Advantages of international speci...
14
cards
IB Economics Unit 1
Define economics 3 1,
Define microeconomics 2 2,
Define macroeconomics 2 3
22
cards
Nudge Theory + Elasticity
Anchoring bias 1,
Framing bias 2,
Why is ped is different in a stra...
24
cards
IB Demand + Supply
Define the equilibrium price mark...,
Define demand 2,
Define a market 3
49
cards
IB Elasticity
Define price elasticity of demand 1,
Formula for ped 2,
Define inelastic demand 3 3
28
cards
IB Government in microeconomics
Define dead weight loss welfare l...,
Possible reasons for government i...,
Government revenue as a reason fo...
43
cards
Indirect Taxes + Subsidies
Define indirect taxes 1,
Define specific tax 2,
Define percentage tax 3
21
cards
IB3
Define legislation 2 1,
Define regulation 2 2,
Blank 3
3
cards
Rational Producer Behaviour
Define explicit costs 2 1,
Define implicit costs 2,
Define total fixed costs 2 3
12
cards
Market Failure
Define market failure 2 1,
3 forms of market failure 3 2,
Define an externality 2 3
72
cards
Macroeconomics: Chapter 8 + 9
What is true about the circular f...,
Leakages of the circular flow of ...,
Injections of the circular flow o...
37
cards
Chapter 7: Profit Theory + Market Structure
Define fixed costs 1,
Define market power 2,
Define variable costs 3
54
cards
Unemployment and Inflation
Definition of unemployed 1,
Define hidden unemployment 3 2,
Define labour force 2 3
18
cards
Chapter 13: Demand-side and Supply-side policies
Industrial policies as an interve...,
Goals of monetary policy 5 2,
Monetary policy 3 3
83
cards
National Debt HL
National government public debt 4 1,
Debt servicing 2,
How do government borrow 2 3
4
cards
Chapter 13 HL
0
cards
Economics of Inequality + Poverty (Chapter 12)
Define economic inequality 2 1,
Define income inequality 2 2,
Define wealth inequality 2 3
32
cards
Nudge Theory
Define asymmetric information 1,
Define adverse selection 2,
Adverse selection when sellers ha...
8
cards
Tariffs, quotas and subsidies
Tariffs 3 1,
Blank 2,
Blank 3
3
cards
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