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IB Economics 11

1st Year IB Economics @ NIDO

UNIT I: Foundation of Economics; IB Economics/Introduction to Economics; IB Economics/Introduction to Economics/Basic Definitions; Principles of Economics/Utility; IB Economics/Introduction to Economics/PPF and PPC
UNIT II: Types of Economies and Concept of Opportunity Cost; IB Economics/Introduction to Economics/Free Market vs Planned Economy; IB Economics/Microeconomics/Elasticities
UNIT III: Supply and Demand; IB Economics/Microeconomics/Markets; IB Economics/Microeconomics/Market Failure; IB Economics/Macroeconomics/Measuring National Income; IB Economics/Microeconomics/Theory of the Firm (HL)
UNIT IV: Government's Role In The Economy