< IB < Group 3

== Course content ==

Foundations of Economics

Microeconomics

Competitive markets: demand and supply

Elasticity

Government intervention

Market failures

Theory of the firm and market structure

Higher Level only:

Quantitive issues

Macroeconomics

Macroeconomic goalas

Introducing aggregate demand and aggregate supply

Macroeconomic objectives

Fiscal policy

Money and monetary policy

Higher Level only:

Quantitive issues

International Economics

International trade

Exchange rates

The balance of payments

Economic integration and trade liberalisation

Terms of trad

Higher Level only:

Quantitive issues

Economic Development

The role of foreign direct investment and the multinational corporation

The roles of foreign aid and multilateral development assistance

The role of foreign debt

The balance between markets and the intervention

Supplementary

Exams

Examination information

Past papers

Glossaries

Glossary of terminology

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