📉 Microeconomics · IB Economics Topic 1
IB Economics: Microeconomics Resources
Explore clear, syllabus‑aligned notes, diagrams, examples, and exam‑style questions for every Microeconomics subtopic in the IB Economics course.
Microeconomics Subtopics
Competitive Markets
Demand, supply, equilibrium
Understand how markets work through demand and supply, equilibrium price, shifts, and real‑world applications.
SL & HL
Key diagrams
Practice questions
Elasticities
PED, PES, XED, YED
Explore how responsive consumers and producers are to price changes, with formulas, diagrams, and worked examples.
SL & HL
Calculations
Exam tips
Government Intervention
Taxes, subsidies, price controls
Learn how governments influence markets through taxes, subsidies, price ceilings, and price floors.
SL & HL
Policy evaluation
Diagrams
Market Failure
Externalities, public goods
Study externalities, public goods, common access resources, and sustainability with real‑world examples.
SL & HL
Case studies
Evaluation
Theory of the Firm
Costs, revenues, market structures
Dive into HL‑only content: cost curves, revenue, profit maximisation, and market structures like monopoly and oligopoly.
HL only
Diagrams
Essay skills