IB Economics HL 2.1.4 Individual and Market Demand Topic Practice

ConceptConcept DocsDocuments

ConceptConcept DocsDocuments

Unit 1 Introduction to economics

Unit 2 Microeconomics

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

2.3 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/2.1.4—Individual and market demand

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