International Baccalaureate IB Economics

IB Economics

1 Introduction to economics

2 Microeconomics

3 Macroeconomics

4 Trade, Rates & Sustainable Development

4.1 Benefits of international trade

4.2 Types of trade protection

4.3 Trade Control: Pros & Cons

4.4 Economic integration

4.5 Exchange rates

4.6 Balance of payments

4.7 Sustainable development

4.8 Measuring development

4.9 Growth & Development Barriers

4.10 Economic Growth Strategies

4.1.1 Absolute and comparative advantage (HL only)

4.2.2 Quota

4.2.3 Subsidy/export subsidy

4.2.4 Administrative barriers

4.3 Trade Control: Pros & Cons

4.4.1 Preferential trade agreements

4.4.2 Trading blocs

4.4.3 Pros & Cons of Monetary Union

4.4.4 Monetary union

4.5.1 Floating exchange rates

4.5.2 Currency Demand/Supply Factors

4.5.3 FX Rate Effects on Economy

4.6.1 Balance of payments

4.6.2 Interdependence between the accounts

4.6.3 Current Account vs FX Rate

4.6.4 Fin Account & Exchange Rate

4.7.1 The meaning of sustainable development

4.7.2 Sustainable Development Goals

4.8.1 Economic Development Facets

4.8.2 Single indicators

4.9.1 Poverty traps/poverty cycles

4.9.2 Economic barriers

4.9.3 Economic barriers

4.10.1 Import Substitution & Export

4.10.2 Health programs

4.10.3 Essential Infrastructure

4.10.4 Inward foreign direct investment

4.10.5 Foreign aid