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Economics SL

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How do Economists Approach the World?
What is Economics?
Demand Management (Demand-side Policies) — Monetary Policy
Demand Management — Fiscal Policy
Supply-side Policies
Measuring Economic Activity and Illustrating Its Variations
Variations in Economic Activity — Aggregate Demand and Aggregate Supply
Macroeconomic Objectives
Economics of Inequality and Poverty
Role of Government in Microeconomics
Demand
Market Failure — Externalities and Common Pool Resources
Supply
Market Failure — Public Goods
Competitive Market Equilibrium
Critique of the Maximizing Behaviour of Consumers and Producers
Elasticity of Demand
Elasticity of Supply
Economic Integration
Exchange Rates
Balance of Payments
Sustainable Development
Benefits of International Trade
Measuring Development
Types of Trade Protection
Barriers to Economic Growth and/or Economic Development
Arguments for and Against Trade Control/Protection
Economic Growth and/or Economic Development Strategies

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