IB Economics HL

$700.00

Category:

Description

The following topics will be covered in IB Economics HL Class.

Introduction to Economics

  • Key Concepts

The Fundamental Economic Problem

Market Equilibrium and Resource Allocation

  • Demand
  • Supply
  • How demand and supply interact to establish market equilibrium

Elasticity of Demand and Supply

  • Price elasticity of demand (PED)
  • Income elasticity of demand (YED)
  • Price elasticity of supply (PES)
  • Applications of elasticity

Government Intervention in the market

  • Price controls
  • Indirect Taxes
  • Subsidies
  • Evaluation of Government Intervention in the Market

Market Failure

  • Externalities
  • Government policies to reduce market failure resulting from externalities
  • Public goods
  • Asymmetric Information
  • Common access or pool resources
  • Monopoly power

Profit Maximisation under different market structures

  • Profit
  • Costs of production
  • Revenue from production
  • Profit maximisation
  • Profit maximisation under different market structures
  • Behavioural theories

Equity and Equality

Macroeconomics

  • The measurement of economic activity
  • The concept of the circular flow
  • How to analyse macroeconomic equilibrium
  • How to apply the AD/AS model
  • Objectives of government policy (Causes of problem)
  • Government policy to achieve the objectives (Cures)
  • Applying the cures to the causes
  • Consequences of failing to achieve the objectives

The Global Economy

  • The gains from trade
  • Restrictions on the freedom of trade: Protection
  • Types of protection
  • Trading Blocs
  • Exchange Rates (ER)
  • The effects of exchange rate changes
  • Alternative ER systems
  • Balance of Payments
  • Current Account disequilibria
  • How to correct a current account deficit
  • Some additional points
  • Development Economics
  • Barriers to development
  • Strategies to promote economic growth and development

Key Features:

Training Type: Online Live Interactive Session.
Experienced Faculty.
1 ON 1 Sessions
Access to Class Recordings.
Weekday / Weekend Classes.

 

Evening Schedule:

2 to 3 Days / Week
8:30 PM – 9:30 PM EST
9:00 PM – 10:00 PM EST
9:30 PM – 10:30 PM EST
10:00 PM – 11:00 PM EST

 

Morning Schedule:

2 -3 Days / Week
10:00 AM – 11:00 AM EST
10:30 AM – 11:30 AM EST
11:00 AM – 12:00 PM EST
11:30 AM – 12:30 PM EST

 

 

Please contact us, If you are looking for different schedule or need more information.

Phone : 1+ 734 418 2465

Email : info@learntek.org

 Inquiry Now 

USA: +1 734 418 2465 | India: +91 40 4018 1306

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