Economics for the International Baccalaureate Diploma

Competitive markets: demand and supply

Elasticity

Government intervention

Market failures

Theory of the firm and market structure

Macroeconomic goalas

Introducing aggregate demand and aggregate supply

Macroeconomic objectives

Fiscal policy

Money and monetary policy

International trade

Exchange rates

The balance of payments

Economic integration and trade liberalisation

Terms of trad

Introduction

Measuring development

The role of domestic factors in the process of development

The role of international trade

The role of foreign direct investment and the multinational corporation

The roles of foreign aid and multilateral development assistance

The role of foreign debt

The balance between markets and the intervention

Examination information

Past papers

Glossary of terminology