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Unit 1 Introduction to economics

Unit 2 Microeconomics

2.2.1—Law of supply

2.2.3—Supply curve

2.2.4—Individual and market supply

2.2.5—Non-price determinants of supply

2.2.6—Movements and shifts in supply

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/2.2 Supply/2.2.4—Individual and market supply

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