Economics for the IB Diploma [With CDROM] Orneta

Written by a highly experienced author and developed in association with teachers, Economics for the IB Diploma provides an international perspective and in-depth coverage of all four sections of the syllabus. Designed for class use and independent study, it presupposes no background knowledge and offers clear explanations of economic concepts using accessible language.Introduction to the student and teacher; Introduction; 1. The foundations of economics; Section 1. Microeconomics: 2. Competitive markets: demand and supply; 3. Elasticities; 4. Government intervention; 5. Market failure; 6. The theory of the firm I: production, costs, revenues and profit; 7. The theory of the firm II: market structures; Section 2. Macroeconomics: 8. The level of overall economic activity; 9. Aggregate demand and aggregate supply; 10. Macroeconomic objectives I: low unemployment, low and stable rate of inflation; 11. Macroeconomic objectives II: economic growth and equity in the distribution of income; 12. Demand-side and supply-side policies; Section 3. International Economics: 13. International trade; 14. Exchange rates and the balance of payments; 15. Economic integration and the terms of trade; Section 4. Development Economics: 16. Understanding economic development; 17. Topics in economic development; 18. Foreign sources of finance and foreign debt; 19. Consequences of economic growth and the balance between markets and intervention; Glossary; Index; Acknowledgements.