IBEconomicsDPHL2. Microeconomics

2. Microeconomics (DP IB Economics)

Get ready for your DP IB Economics exams with our revision resources. Find everything you need to revise this topic, so you can go into your exam confident and prepared. Teachers and examiners write all our resources, and they’re designed specifically for each exam board. We regularly update them to match the latest syllabus, so you’ll only revise the most accurate, up-to-date information. Explore the collection below to get started.

2.1 Demand

  1. Demand, Price & Quantity
  2. Non-Price Determinants of Demand

2.2 Supply

  1. Supply, Price & Quantity
  2. Non-Price Determinants of Supply

2.3 Competitive Market Equilibrium

  1. Market Equilibrium & Disequilibrium
  2. Functions of the Price Mechanism
  3. Consumer & Producer Surplus

2.4 Critique of the Maximizing Behaviour of Consumers & Producers

  1. Rational Consumer Choice
  2. Behavioural Economics in Action
  3. Business Objectives

2.5 Elasticities of Demand

  1. Price Elasticity of Demand (PED)
  2. The Significance of PED
  3. Income Elasticity of Demand (YED)

2.6 Price Elasticity of Supply (PES)

  1. Understanding Price Elasticity of Supply (PES)

2.7 The Role of Government in Microeconomics

  1. Reasons for Government Intervention in Markets
  2. Government Intervention: Indirect Taxes & Subsidies
  3. Government Intervention: Price Controls
  4. Government Intervention: Direct Provision, Regulation & Nudges

2.8 Market Failure: Externalities & Common Pool (Access) Resources

  1. Market Failure
  2. Negative Externalities
  3. Positive Externalities
  4. Common Pool (Access) Resources
  5. Government Intervention to Address Market Failure
  6. Other Interventions to Address Market Failure

2.9 Market Failure: Public Goods

  1. Public Goods

2.10 Market Failure: Asymmetric Information

  1. Asymmetric Information

2.11 Market Failure: Market Power

  1. An Introduction to Market Structures
  2. Profit Maximisation
  3. Market Power & Perfect Competition
  4. Market Power & Monopolies
  5. Market Power & Oligopolies
  6. Market Power & Monopolistic Competition
  7. Market Power & Government Intervention

2.12 The Market’s Inability to Achieve Equity

  1. Markets Cause Inequality

2.1 Demand

  1. Exam Questions

2.2 Supply

  1. Exam Questions

2.3 Competitive Market Equilibrium

  1. Exam Questions

2.4 Critique of the Maximizing Behaviour of Consumers & Producers

  1. Exam Questions

2.5 Elasticities of Demand

  1. Exam Questions

2.6 Price Elasticity of Supply (PES)

  1. Exam Questions

2.7 The Role of Government in Microeconomics

  1. Exam Questions

2.8 Market Failure: Externalities & Common Pool (Access) Resources

  1. Exam Questions

2.9 Market Failure: Public Goods

  1. Exam Questions

2.10 Market Failure: Asymmetric Information

  1. Exam Questions

2.11 Market Failure: Market Power

  1. Exam Questions

2.12 The Market’s Inability to Achieve Equity

  1. Exam Questions
DP IB Economics Past Papers