IB Economics SL Flashcards

IB Economics Standard Level flashcards covering supply and demand, market failure, macroeconomics, trade, and more.

Unit 1: Introduction to Economics

What is Economics?

Medium
7 cards

How Economists Approach the World

Medium
4 cards

Unit 2: Microeconomics

Demand and Supply

High
5 cards

Market Equilibrium and Elasticity

High
6 cards

Government Intervention in Markets

High
5 cards

Market Failure and Externalities

High
7 cards

The Theory of the Firm and Market Structure

High
6 cards

Unit 3: Macroeconomics

The Level of Overall Economic Activity

High
5 cards

Aggregate Demand and Aggregate Supply

High
6 cards

Macroeconomic Objectives

High
7 cards

Fiscal, Monetary and Supply-side Policies

High
7 cards

Unit 4: The Global Economy

International Trade and Protectionism

High
5 cards

Exchange Rates and the Balance of Payments

High
5 cards

Economic Integration and Terms of Trade

High
4 cards

Economics of Development

High
5 cards

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