IBDP Economics

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...

Macroeconomics

Unit 3.7(1) Market based supply-side policies

This page covers market-based supply-side policies and how they might be used to increase economic growth, reduce unemployment and reduce inflation. Market-based policies are where the government creates the conditions in the economy for the...

Macroeconomics

Unit 3.5 Government management of the economy – monetary policy

This page covers the nature of monetary policy, the demand and supply for money, credit creation, interest rates and expansionary and contractionary monetary policy. Monetary policy is where the government uses interest rates and the supply...

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