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Summary One stop IB Economics

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These are my IB Economics notes I made for my revision. I have made certain pneumonics which helped me remember all the content I needed for my revision. Also, I have made paper 1, 2 guides for IB Economics. If you are conceptually good but are struggling with the presentation of your concepts, this is the right document for you.

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Institution
IB Economics
Course
IB Economics

Content preview

Lnteynational conomicsS

OFree trade
PROS
0 Tefficiency allocotion Dfworld
resources
Cormporikive advantage
Accese to new qoods R services Choice
Copettion
L3Loweer prices 3
Greater economic growth.
Consumer Surplu: 1
More qaods lesser prices|

, Keasons for protectionism
Why Free trade e
Methods vsed bygort to resiriak.internabional tzode
flows
Importvs Exports:
If P> P ExportfRP 3Impo:
Pw
PL
Po

Eport Inport
Arquemenkswhy
0Infontindusk ries_arguement Fnable to devel
Tarrif to help Short-term_protectionism
Bu inetficiency
Prevent dumping" af cheapqoids u,Riskyto pase
Domeskic emplaymentprotection
Prevent unfair lo.wicostiaf labor Asiauksa Rasbil
Protecproduct standards iSmoke ueedns
BTo raise qovt revenue Tamik
Ipr.ove Corrent ace deficik
3 Prevent Over-speciallzation._
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Course
IB Economics
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Uploaded on
April 23, 2021
Number of pages
10
Written in
2020/2021
Type
SUMMARY

Subjects

  • exam guide
  • ib economics
  • econplusdal
  • international
  • exam pattern
  • econ
  • paper 1
  • paper 2
  • study guide
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