Students of the IB Diploma Programme in Economics and all economics students who would like concise revision of overall topics with extra support on the creating and interpreting graphs and diagrams.

 Exam success through diagrams

This guide provides crisp revision of all syllabus topics with detailed support for constructing, analysing, labelling diagrams to assist with complete understanding. In addition, students will learn how to design, select and use diagrams to explain concepts while answering examination questions. A 'tips' section provides practical suggestions and a complete glossary provides a much needed teacher and student reference. In addition, there are guidelines on examiner recommendations along with exam practice and a selection of past questions.

Look Inside 

• Concise revision of syllabus topics
• Guidelines and tips on examiner expectations
• Examination practice including past exam questions
• Complete glossary of all syllabus terms

1: Introduction
Scarcity
The fundamental questions of economics
2: Microeconomics
The behaviour of consumers
The behaviour of producers
Equilibrium
The question of resource allocation
Elasticity
Price controls
Indirect taxation and subsidies
Agriculture and agricultural policy
Theory of production
Cost theory
Goals of firms
Market structures
Market failures
IB Questions: Sections 1 and 2
3: Macroeconomics
Measuring overall economic activity
The concept of equilibrium in economics
Introducing aggregate demand and aggregate supply
The trade or business cycle
The components of aggregate demand
A closer examination of aggregate supply
The effects of AD/AS shift
Demand-side politics
Supply-side politics
Inflation
Unemployment
The Phillips curve
Distribution of income
Inflationary and deflationary gaps: an alternative presentation
Schools of economic thought: a brief outline
IB Questions: Section 3
4: International Economics
Free trade and welfare
Specialization
Protectionism
Forms of protectionism
Economic integration and trade liberalization
Exchange rates
The balance of payments
Correcting imbalances
The terms of trade
IB Questions: Section 4
5: Development Economics
Characteristics of developing economics
Measuring economic development
Sources of long-run growth
Barriers to growth and development
Looking beyond growth: sources of development
Foreign direct investment and the multinational enterprise
Foreign aid
Trade and development
Indebtedness
Structuralist models of development
IB Questions: Section 5
Additional items
Glossary of syllabus terms
Guidance for students on evaluation
Guidance for students on diagrams
Review questions using diagrams
Index

Constantine Ziogas

`This is a study guide which follows the syllabus carefully. It is useful when students are completing practise extended responses, as it provides a quick and precise overview of each topic. I use it to help summarise the Development topic after students complete a series of research projects. I keep a stash of these in my class to help students who struggle with the rich English requirements of the course.' Andrew McCarthy, International School of Singapore |d 27/10/2010