Table of Contents

Section 1: Microeconomics
Scarcity
Markets
Elasticities of Demand and Supply
Government Intervention
Market Structures
Market Failure and Government Response
Microeconomics Sample Questions
Section 2: Macroeconomics
Measuring National Income
Macroeconomic Models
Unemployment and Inflation
Economic Growth
Distribution of Income
Macroeconomics Sample Questions
Section 3: International Economics
Reasons for Trade
Free Trade/Protectionism
Economic Integration
Exchange Rates
Balance of Payments
Correcting a Current Account Defecit
International Trade and Exchange Rate Sample Questions
Section 4: Development Economics
Introduction to Development
Measuring Development
Domestic Factors
International Trade
Foreign Direct Investment
Aid and Multilateral Assistance
International Debt
Markets vs. Intervention
Development Economics Sample Questions
Revision Advice
Assessment Objectives (AOs)
Higher Level Assessment
Essay Technique
Data Response Technique

About the Author

Stephen Holroyd is an experienced Economics teacher and has been teaching students for the IB diploma for over 16 years. He has been an examiner for the IB since 1999 and regularly teaches on OSC revision courses. He is Head of Economics, Politics and Business Studies at Malvern College, Worcestershire, UK.