This section of the revision notes covers the introduction to IB Economics and Economic methodology.
Unit 1.1: Introduction to economics
This page covers the introduction to Economics as a subject. It includes Economics as a social science, scarcity, resources, opportunity cost and the production possibility model. Economics is a social science because it studies human behaviour in...
Unit 1.2: How economists approach the world
Economic methodology refers to the way economists study the subject. As a social science, Economics tries to use scientific methods to explain how the economy at a microeconomic and macroeconomic level works. Economists test their theories,...
Unit 1.1: Introduction to economics
This page covers the introduction to Economics as a subject. It includes Economics as a social science, scarcity, resources, opportunity cost and the production possibility model. Economics is a social science because it studies human behaviour in...
Unit 1.2: How economists approach the world
Economic methodology refers to the way economists study the subject. As a social science, Economics tries to use scientific methods to explain how the economy at a microeconomic and macroeconomic level works. Economists test their theories,...
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