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IB Economics at AISC
About the course
Quick Overview
Paper 1
Paper 2
Paper 3 (HL only)
Internal Assessment (IA)
Learning
1. Intro to Economics
1.1 What is economics?
1.2 How do economists approach the world?
2. Microeconomics
2.1 Demand
2.2 Supply
2.3 Market equilibrium
2.4 Critique of the maximizing behaviour of consumers and producers
2.5 Elasticities of Demand
2.6 Elasticity of Supply
2.7 Role of government in microeconomics
2.8 Externalities and common pool or common access resources
2.9 Public goods
2.10 Asymmetric information (HL only)
2.11 Market power (HL only)
2.12 The market’s inability to achieve equity (HL only)
3. Macroeconomics
3.1 Measuring economic activity
3.2 AD/AS Analysis
3.3 Growth, Inflation & Unemployment
3.4 Inequality & poverty
3.5, 3.6, 3.7 Macro Policy
4. The Global Economy
4.1 Benefits of International Trade
4.2 Trade protection
4.3 Arguments for and against trade control/ protection
4.4 Economic integration
4.5 Exchange rates
4.6 Balance of payments
4.7 Sustainable development
4.8 Measuring development
4.9 Barriers to economic growth and/or economic development
4.10 Economic growth and/or economic development strategies
The Nine Key Concepts
Extras
The Economics of Kellytopia
Top Tips for IB Economics
Country Profiles
Recommended News Sources
Mr Kelly's Twitter
Trusted YouTubers
Great Books
Glossary of Economic Terms
IB Economics at AISC
About the course
Quick Overview
Paper 1
Paper 2
Paper 3 (HL only)
Internal Assessment (IA)
Learning
1. Intro to Economics
1.1 What is economics?
1.2 How do economists approach the world?
2. Microeconomics
2.1 Demand
2.2 Supply
2.3 Market equilibrium
2.4 Critique of the maximizing behaviour of consumers and producers
2.5 Elasticities of Demand
2.6 Elasticity of Supply
2.7 Role of government in microeconomics
2.8 Externalities and common pool or common access resources
2.9 Public goods
2.10 Asymmetric information (HL only)
2.11 Market power (HL only)
2.12 The market’s inability to achieve equity (HL only)
3. Macroeconomics
3.1 Measuring economic activity
3.2 AD/AS Analysis
3.3 Growth, Inflation & Unemployment
3.4 Inequality & poverty
3.5, 3.6, 3.7 Macro Policy
4. The Global Economy
4.1 Benefits of International Trade
4.2 Trade protection
4.3 Arguments for and against trade control/ protection
4.4 Economic integration
4.5 Exchange rates
4.6 Balance of payments
4.7 Sustainable development
4.8 Measuring development
4.9 Barriers to economic growth and/or economic development
4.10 Economic growth and/or economic development strategies
The Nine Key Concepts
Extras
The Economics of Kellytopia
Top Tips for IB Economics
Country Profiles
Recommended News Sources
Mr Kelly's Twitter
Trusted YouTubers
Great Books
Glossary of Economic Terms
More
About the course
Quick Overview
Paper 1
Paper 2
Paper 3 (HL only)
Internal Assessment (IA)
Learning
1. Intro to Economics
1.1 What is economics?
1.2 How do economists approach the world?
2. Microeconomics
2.1 Demand
2.2 Supply
2.3 Market equilibrium
2.4 Critique of the maximizing behaviour of consumers and producers
2.5 Elasticities of Demand
2.6 Elasticity of Supply
2.7 Role of government in microeconomics
2.8 Externalities and common pool or common access resources
2.9 Public goods
2.10 Asymmetric information (HL only)
2.11 Market power (HL only)
2.12 The market’s inability to achieve equity (HL only)
3. Macroeconomics
3.1 Measuring economic activity
3.2 AD/AS Analysis
3.3 Growth, Inflation & Unemployment
3.4 Inequality & poverty
3.5, 3.6, 3.7 Macro Policy
4. The Global Economy
4.1 Benefits of International Trade
4.2 Trade protection
4.3 Arguments for and against trade control/ protection
4.4 Economic integration
4.5 Exchange rates
4.6 Balance of payments
4.7 Sustainable development
4.8 Measuring development
4.9 Barriers to economic growth and/or economic development
4.10 Economic growth and/or economic development strategies
The Nine Key Concepts
Extras
The Economics of Kellytopia
Top Tips for IB Economics
Country Profiles
Recommended News Sources
Mr Kelly's Twitter
Trusted YouTubers
Great Books
Glossary of Economic Terms
Measuring development
Why is economic development uneven?
Conceptual understandings
Perceptions of the meanings of development and equity change over time and vary across cultures.
Governments and other economic agents may intervene in an attempt to promote economic well- being and equity in societies.
The pursuit of sustainability is subject to various constraints.
Effective strategies should take account of the relevant social, economic, and political context.
Useful Presentations
1. Is there agreement upon a definition of economic development? (aisc)
3. Is growth good for the poor? (aisc)
2. What’s the ‘best’ way to measure economic development? (aisc)
Trusted and credible
Econ YouTube Teachers
The Economics of Happiness
Prof. Richard Layard (London School of Economics)
Prof. Amartya Sen (Harvard)
The Capabilities approach to understanding economic development
on capabilities (4:36 mins)
on missing women (6:45 mins)
on democracy and famines (2:58 mins)
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