CourseCourse QuestionQuestion

Unit 1 Introduction to economics

Unit 2 Microeconomics

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

2.7.1—Reasons for government intervention

2.7.2—Main forms of intervention

2.7.3—Consequences of intervention

2.7.4 (HL)—Consumer nudges

2.7.5 (HL)—Intervention calculations

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/2.7 Role of government in microeconomics/2.7.4 (HL)—Consumer nudges

Unit 2 Microeconomics HL

Syllabus: First assessment 2022
Section: —
Level: HL

Exam analysis

Most tested topics

Demand
Supply
Competitive market equilibrium
Critique of the maximizing behaviour of consumers and producers
Elasticities of demand
Elasticity of supply
Role of government in microeconomics
Market failure - externalities and common pool or common access resources
Market failure - public goods
Market failure - asymmetric information
Market failure - market power
The market's inability to achieve equity