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IB Economics
Unit 1 Introduction to economics
Unit 2 Microeconomics
2.1 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/Unit 2 Microeconomics

Course unit

Unit 2 Microeconomics

Choose a topic to see its learning objectives, mastery evidence, and recommended study actions.

12 Topics56 Learning objectives0% Mastery
  1. New2.1 Demand6 learning objectives Open topic →
  2. New2.2 Supply6 learning objectives Open topic →
  3. New2.3 Competitive market equilibrium6 learning objectives Open topic →
  4. New2.4 Critique of the maximizing behaviour of consumers and producers3 learning objectives Open topic →
  5. New2.5 Elasticities of demand8 learning objectives Open topic →
  6. New2.6 Elasticity of supply3 learning objectives Open topic →
  7. New2.7 Role of government in microeconomics5 learning objectives Open topic →
  8. New2.8 Market failure - externalities and common pool or common access resources6 learning objectives Open topic →
  9. New2.9 Market failure - public goods2 learning objectives Open topic →
  10. New2.10 Market failure - asymmetric information2 learning objectives Open topic →
  11. New2.11 Market failure - market power8 learning objectives Open topic →
  12. New2.12 The market's inability to achieve equity1 learning objective Open topic →