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IB

Economics

Economics

QuizQuiz FlashcardsFlashcards

1.1 - Economics as a Social Science

1.2 - The Problem of Choice

1.3 - The Production Possibilities Curve

1.4 - Modelling the Economy

1.5 - Economic Methodology

1.6 - Economic Thought

2.3 - Demand, Supply & Market Equilibrium

2.4 - Functions of the Price Mechanism

2.6 - Allocative Efficiency

2.7 - Price Elasticity of Demand (PED)

2.8 - Determinants of PED

2.9 - Importance of PED

2.10 - Income Elasticity of Demand (YED)

2.11 - Price Elasticity of Supply (PES)

2.12 - Indirect Taxes & Subsidies

2.13 - Maximum & Minimum Prices

2.14 - Externalities

2.15 - Government Response to Externalities

2.16 - Common Pool Resources

2.17 - Public Goods

3.1 - Measuring Economic Activity

3.2 - Aggregate Demand

3.3 - Aggregate Supply

3.4 - Equilibrium

3.5 - Economic Growth

3.6 - Consequences of Economic Growth

3.7 - Unemployment

3.8 - Costs of Unemployment

3.9 - Inflation

3.10 - Deflation

3.11 - Government Debt

3.12 - Economic Inequality

3.14 - Causes of Economic Inequality & Poverty

3.15 - Impacts of Income & Wealth Inequality

3.16 - Taxation, Poverty & Inequalities

3.17 - Goals of Monetary Policy

3.18 - Monetary Policy & Interest Rates

3.19 - Effectiveness of Monetary Policy

3.20 - Fiscal Policy

3.21 - Effectiveness of Fiscal Policy

3.22 - Supply-side Policies

3.23 - Market-based Policies

3.24 - Interventionist Policies

3.25 - Effectiveness of Supply-side Policies

3.26 - Macroeconomic Objectives - Growth

3.27 - Macroeconomic Objectives - Price Stability

3.28 - Macroeconomic Objectives - Low Unemployment

3.29 - Macroeconomic Objectives - Conflict

4.1 - Benefits of Trade

4.4 - Subsidies

4.5 - Administrative Barriers

4.6 - Trade Protection Arguments

4.7 - Trade Agreements & Trade Blocs

4.8 - Monetary Union

4.9 - The World Trade Organization

4.10 - Exchange Rates

4.11 - Changes in Demand & Supply for Currency

4.12 - Consequences of Changes in Exchange Rate

4.13 - Fixed Exchange Rates

4.14 - Managed Exchange Rates

4.15 - Balance of Payments

4.16 - Interdependence Between Accounts

4.17 - Sustainable Development

4.18 - Measuring Development

4.19 - Poverty Cycle

4.20 - Economic Barriers to Growth

4.21 - Political & Social Barriers to Growth

4.22 - Trade Strategies to Promote Growth

4.23 - Policies to Promote Growth

4.24 - Merit Goods to Promote Growth

4.25 - Inward FDI to Promote Growth

4.26 - Foreign Aid to Promote Growth

4.27 - Institutional Change to Promote Growth