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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//Question Bank/Unit 2 Microeconomics/2.1 Demand/IB Economics HL 2.1.2 Hl Assumptions Behind Demand Questions

IB Economics HL 2.1.2 Hl Assumptions Behind Demand Questions

Practise IB Economics HL 2.1.2 by explaining the assumptions behind demand and how they support demand-curve analysis using marked exam evidence.

Syllabus
First assessment 2022
Course
Economics HL
Level
HL

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