IB Economics SL Notes – Introduction to Economics (Topic 1)

Take the stress out of IB Economics with this complete handwritten summary for Topic 1: Introduction to Economics. Perfect for quick revision, class prep, or last-minute exam refreshers — clear, concise, and easy to follow. What’s Included (Topic 1 – Introduction to Economics): Scarcity & the basic economic problem Types of goods (private, public, merit, demerit, etc.) Factors of production (land, labour, capital, entrepreneurship) Economies in transition timeline PPC/PPF curves: how to draw them shifts vs. movements how to interpret changes in opportunity cost Clean diagrams + summarised explanations Why you’ll love it Clear, summarised cheat-sheet style Handwritten + neatly formatted for easy understanding Perfect for SL students or anyone needing a quick refresher Created by a recent IB graduate with high achievement in Economics