The A-Z of Economics

Table of Contents

1. The A-Z of Economics - introduction
2. Economics glossary
3. Fundamental economic concepts
   1. Economics as a social science
   2. Economics and supermodels
   3. Ceteris-paribus
   4. Positive and normative economics
   5. Are people rational?
   6. Scarcity
   7. What? How? For whom?
   8. Choice and opportunity cost
   9. Production possibility curves
   10. PlotIT - Build a production possibility curve
   11. Intervention
   12. Sustainability
   13. Economic efficiency and equity
   14. Economic growth and development
4. Key terms
5. Famous economists
6. Branches of economics
7. International Organisations
8. Games and activities
9. IB Assessment
10. Print View

Sustainability

For economic growth to be sustainable, it must have a neutral effect on resources. Any resources used must be renewable and there must be no lasting impact on the environment. Why is sustainable development important then? Well, it is important that development is sustainable to ensure that it can endure in the long-term and is not built on the exploitation of natural resources that may run out in the future.

To start looking at the next page, click on the right arrow at the top or bottom of the page. To return to the table of contents at any time, just click the 'home' icon.