This comprehensive and engaging text, developed in cooperation with the IB, follows the new curriculum for first assessment in 2022. With accessible, engaging lessons students will actively relate economics to real-world issues and the global economy. The international examples and case studies encourage students to analyse economics in terms of present-day challenges and concerns.
Conceptual links are provided to help students understand the over-arching big questions that relate economics to the multi-faceted challenges of the world economy including how it works and changes over time.
Through inquiry-based tasks and links to TOK and ATL activities students will gain a deep understanding of economics. Practice activities will develops the skills required to succeed in the IB assessment including exam-style questions and data response questions. Clear explanations will help students achieve assessment success.
About the Series:
Oxford's IB Diploma Course Books are essential resource materials designed in cooperation with the IB to provide students with extra support through their IB studies. Course Books provide advice and guidance on specific course assessment requirements, mirroring the IB philosophy and providing opportunities for critical thinking.
- 1 WHAT IS ECONOMICS?
- 2 THE EVOLUTION OF ECONOMIC THINKING
- 3 DEMAND
- 4 A CLOSER LOOK AT DEMAND: ELASTICITY OF DEMAND
- 5 SUPPLY
- 6 A CLOSER LOOK AT SUPPLY: PRICE ELASTICITY OF SUPPLY
- 7 MARKET EQUILIBRIUM, THE PRICE MECHANISM AND MARKET EFFICIENCY
- 8 METHODS OF GOVERNMENT INTERVENTION IN MARKETS
- 9 MARKET FAILURE
- 10 RATIONAL PRODUCER BEHAVIOUR
- 11 MARKET POWER: PERFECT COMPETITION AND MONOPOLISTIC COMPETITION
- 12 MARKET POWER: MONOPOLY AND OLIGOPOLY
- 13 THE LEVEL OF OVERALL ECONOMIC ACTIVITY
- 14 AGGREGATE DEMAND
- 15 AGGREGATE SUPPLY
- 16 MACROECONOMIC EQUILIBRIUM
- 17 DEMAND MANAGEMENT (DEMAND-SIDE POLICIES)
- 18 SUPPLY-SIDE POLICIES
- 19 MACROECONOMIC OBJECTIVES: LOW UNEMPLOYMENT
- 20 MACROECONOMIC OBJECTIVES: LOW AND STABLE RATE OF INFLATION
- 21 MACROECONOMIC OBJECTIVES: ECONOMIC GROWTH
- 22 ECONOMICS OF INEQUALITY AND POVERTY
- 23 WHY DO COUNTRIES TRADE?
- 24 FREE TRADE AND PROTECTIONISM
- 25 ECONOMIC INTEGRATION
- 26 EXCHANGE RATES
- 27 THE BALANCE OF PAYMENTS
- 28 ECONOMIC DEVELOPMENT AND SUSTAINABLE DEVELOPMENT
- 29 MEASURING ECONOMIC PROGRESS
- 30 BARRIERS TO DEVELOPMENT
- 31 STRATEGIES TO PROMOTE ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT
- 32 ASSESSMENT ADVICE