CourseCourseQuestionQuestion
IB Economics
Unit 1 Introduction to economics
Unit 2 Microeconomics
2.1 Demand
2.1.1—Law of demand
2.1.2 (HL)—Assumptions behind demand
2.1.3—Demand curve
2.1.4—Individual and market demand
2.1.5—Non-price determinants of demand
2.1.6—Movements and shifts in demand
2.2 Supply
2.3 Competitive market equilibrium
2.4 Critique of the maximizing behaviour of consumers and producers
2.5 Elasticities of demand
2.6 Elasticity of supply
2.7 Role of government in microeconomics
2.8 Market failure - externalities and common pool or common 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
Unit 3 Macroeconomics
Unit 4 The global economy
IB/Economics/HL//Concept/Unit 2 Microeconomics/2.1 Demand/2.1.1—Law of demand

Unit 2 Microeconomics HL

Syllabus
First assessment 2022
Section
—
Level
HL

Exam analysis

Most tested topics

  1. Demand
  2. Supply
  3. Competitive market equilibrium
  4. Critique of the maximizing behaviour of consumers and producers
  5. Elasticities of demand
  6. Elasticity of supply
  7. Role of government in microeconomics
  8. Market failure - externalities and common pool or common access resources
  9. Market failure - public goods
  10. Market failure - asymmetric information
  11. Market failure - market power
  12. The market's inability to achieve equity