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Macroeconomics
This section of pages covers the Unit 3 macroeconomics section of the IB Economics course. This page covers the nature of macroeconomic activity, national income, the circular flow model and measuring GDP and GNI. National income is the money...
Paper one
Paper one questions come in two parts (a) and (b), with part (a) awarded 10 marks and part (b) 15. Both sections are different, with section A testing your AO1-AO2 and AO4 examination skills and section B testing the entire range of examination...
Global Economics
Unit 4.6 Balance of payments
This page covers the nature of the balance of payments account, the different sections of the account (current, capital and financial), and the HL topic of current account balance of payments deficits. The balance of payments (BOP) is an account...