IB Economics — Complete Revision Guide

A comprehensive, exam-focused revision guide covering all four IB Economics units: microeconomics (market failure, elasticity, market structures, contestable markets), macroeconomics (GDP measurement, the simple and Keynesian AD-AS models, fiscal/monetary policy evaluation), the global economy (trade, protectionism, exchange rates, Marshall-Lerner/J-curve), and development economics (growth vs. development, strategy evaluation). Includes a custom circular flow of income diagram, fully worked problems (tax incidence, contestable markets application, tariff welfare analysis), comparison tables addressing IB-specific distinctions, a 7-term glossary, original practice questions, and explicit guidance on matching response depth to IB command terms. Built around the comparative evaluation and reasoned judgment the IB specifically rewards across all essay-based assessment.