CourseCourse QuestionQuestion

Unit 1 Introduction to economics

Unit 2 Microeconomics

Unit 3 Macroeconomics

3.1 Measuring economic activity and illustrating its variations

3.2 Variations in economic activity - aggregate demand and aggregate supply

3.3 Macroeconomic objectives

3.3.1—Economic growth

3.3.2—Consequences of economic growth

3.3.3—Low unemployment

3.3.4—Low and stable inflation

3.3.5 (HL)—Weighted price index

3.3.6—Deflation and disinflation

3.3.7—Inflation versus unemployment

3.3.8 (HL)—Sustainable government debt

3.3.9 (HL)—Phillips curve and macroeconomic trade-offs

3.3.10—Conflicts between macroeconomic objectives

3.4 Economics of inequality and poverty

3.5 Demand management - monetary policy

3.6 Demand management - fiscal policy

3.7 Supply-side policies

Unit 4 The global economy

IB/Economics/HL//Concept/Unit 3 Macroeconomics/3.3 Macroeconomic objectives/3.3.9 (HL)—Phillips curve and macroeconomic trade-offs

Unit 3 Macroeconomics HL

Syllabus: First assessment 2022
Section: —
Level: HL

Exam analysis

Most tested topics

Measuring economic activity and illustrating its variations
Variations in economic activity - aggregate demand and aggregate supply
Macroeconomic objectives
Economics of inequality and poverty
Demand management - monetary policy
Demand management - fiscal policy
Supply-side policies