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Unit 1 Introduction to economics

Unit 2 Microeconomics

2.1.1—Law of 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

2.5 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

Unit 3 Macroeconomics

Unit 4 The global economy

IB/Economics/SL//Concept/Unit 2 Microeconomics/2.1 Demand/2.1.5—Non-price determinants of demand

Unit 2 Microeconomics SL

Syllabus: First assessment 2022
Section: —
Level: SL

Exam analysis

Most tested topics

Demand
Supply
Competitive market equilibrium
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