Microeconomics

Table of Contents

1. Topic pack - Microeconomics - introduction
   1. Key terms - competitive markets
   2. Key terms - elasticity
   3. Key terms - government intervention
   4. Key terms - market failure
   5. Key terms - theory of firm
   6. Aims of the economics course
   7. Assessment Objectives
   8. Section One Structure
2. 1.1 Competitive Markets: Demand and Supply
3. 1.1 Competitive Markets: Demand and Supply - notes
4. 1.1 Competitive markets - questions
5. 1.1 Competitive markets - simulations and activities
6. 1.2 Elasticities
7. 1.2 Elasticities - notes
8. Section 1.2 Elasticities - questions
9. Section 1.2 Elasticities - simulations and activities
10. 1.3 Government intervention
11. 1.3 Government Intervention - notes
12. 1.3 Government intervention - questions
13. 1.3 Government intervention - simulations and activities
14. 1.4 Market failure
15. 1.4 Market failure - notes
16. Section 1.4 Market failure - questions
17. Section 1.4 Market failure - simulations and activities
18. 1.5 Theory of the firm
19. 1.5 Theory of the firm - notes (HL only)
20. Section 1.5 Theory of the firm - questions
21. Section 1.5 Theory of the firm - simulations and activities
22. Print View

Assessment Objectives

Having followed the economics course at HL or SL, students will be expected to:

1. AO1 Demonstrate knowledge and understanding of specified content
   • Demonstrate knowledge and understanding of the common SL/HL syllabus
   • Demonstrate knowledge and understanding of current economic issues and data
   • At HL only: Demonstrate knowledge and understanding of the higher level extension topics
2. AO2 Demonstrate application and analysis of knowledge and understanding
   • Apply economic concepts and theories to real-world situations
   • Identify and interpret economic data
   • Demonstrate the extent to which economic information is used effectively in particular contexts
   • At HL only: Demonstrate application and analysis of the extension topics
3. AO3 Demonstrate synthesis and evaluation
   • Examine economic concepts and theories
   • Use economic concepts and examples to construct and present an argument
   • Discuss and evaluate economic information and theories
   • At HL only: Demonstrate economic synthesis and evaluation of the extension topics
4. AO4 Select, use and apply a variety of appropriate skills and techniques
   • Produce well-structured written material, using appropriate economic terminology, within specified time limits
   • Use correctly labelled diagrams to help explain economic concepts and theories
   • Select, interpret and analyse appropriate extracts from the news media
   • Interpret appropriate data sets
   • At HL only: Use quantitative techniques to identify, explain and analyse economic relationships