IBDP Economics

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...

Macroeconomics

Unit 3.1(1): Measuring the level of economic activity

National income is the money value of a country's output of final goods and services produced in one year.  Economic activity is where scarce resources are allocated to produce goods and services to satisfy human wants. Macroeconomics is the...

Microeconomics Free

Macroeconomics

Unit 3.3(2) Macroeconomic objectives: unemployment

This page covers the nature of unemployment, measuring unemployment, the causes of unemployment and the consequences of unemployment.  Unemployment is the count of jobless people in a country who are seeking work but who do not have a job. Unemployment...

Macroeconomics

Unit 3.1(2): Measuring Economic Development