Economics sl Study guides, Class notes & Summaries

Complete overview of lecture slides of the lectures given by prof. dr. Elmer Sterken. Course: Sports Economics. Minor: Sport Science, but also other minors.

Summary of the SL portion of part of the microeconomics unit of the SL IB economics course (the new 2020 onwards syllabus). This document covers Competitive Market Equilibrium, the Price Mechanism and Law of Supply.

ALL IB Economics SL Terms Absolute poverty - ANS-The inability of an individual or a family to afford a basic standard of goods and services, where the standard is absolute and unchanging over time. Absolute poverty is defined in relation to a nationally or internationally determined 'poverty line', which determines the minimum income that can sustain a family in terms of its basic needs. Actual output - ANS-The quantity of output actually produced by an economy. Ad Valorem Taxes - ...

ALL IB Economics SL Terms Absolute poverty - ANS-The inability of an individual or a family to afford a basic standard of goods and services, where the standard is absolute and unchanging over time. Absolute poverty is defined in relation to a nationally or internationally determined 'poverty line', which determines the minimum income that can sustain a family in terms of its basic needs. Actual output - ANS-The quantity of output actually produced by an economy. Ad Valorem Taxes - ...

IB economics international economics SL 2023 free trade - Answer-trade between countries that has no protectionist policies WTO (World Trade Organisation) - Answer-the organisation facilitates and governs international trade between all its members protectionism - Answer-any policy aimed at protecting domestic producers from imports tariff - Answer-a tax on imports administrative barriers - Answer-bureaucratic barriers to restrict trade national security - Answer-protecting domestic pro...

IB Micro Full list of definitions - I was an IB Econ HL student and managed to score a 7 on my exams with the helps of these notes, I hope they can help you too :)

Paper 1 (SL and HL) markschemes Cambridge Resources for the IB Diploma Examples of markschemes for Exam practice: paper 1 in the Economics for the IB Diploma CD-ROM are provided below. Paper 1 section A: Microeconomics Paper_1_Exam_Practise_Test_answers Chapter 2 Competitive markets: demand and supply SL/HL core topics Part (a) questions 2.3 (a) Answers may include:  Definitions of demand and quantity demanded.  Theory of demand: law of demand with reference to changes in demand...

ALL IB economic SL vocabs are compiled!