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TOPIC
TOPIC
2.2 Elasticities
WW
&
W
s-
Cross-elasticity of demand
&
^
Income elasticity of demand
&
E
/
Price elasticity of supply
&
W
Applications of concepts of elasticity
W
W
-
^ secondary
economic growth occurs
,
&ad valorem
/
/
2.3 Theory of the firm
,
Cost theory
d-run and long-
d
Short-run
>
d
^-
>-run
>-
Z
d
D
Profit
Adopted from IB Economics Guide 2005 .... brought to you by www.dineshbakshi.com
TOPIC
W
and marginal cost
W
Perfect competition
Profit--run and long-run
d-run and normal profits in the long-run
^--
Monopoly
^
E
W-
Monopolistic competition
^-run and long-
Wdifferentiation
Oligopoly
-
<
/ of non-price competition
d
Price discrimination
Z
E
Wproducer or the consumer
2.4 Market failure
Reasons for market failure
W
^-term and long-
>of public goods
h
K
W
>
d
^
Tradable permits
Adopted from IB Economics Guide 2005 .... brought to you by www.dineshbakshi.com
TOPIC
/
UNIT 3 MACROECONOMICS
3.1 Measuring national income
income
D
per capita
/
'W'W'EW'EW
>'Wbetween countries
W
3.3 Macroeconomic models
components
-run
-<-
&
/
3.4 Demand-side and supply-side policies
^-side policies
^-side policies
^
,
D
3.5 Unemployment and inflation
Unemployment
&
h
d
-deficient
D
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TOPIC
Inflation
,
Dmeasuring inflation
W
W
-run
-run
E
E-/ZhE/Zh
3.6 Distribution of income
/
W
W
Z
d
,
>
>'
UNIT 4 /EdZEd/KE>KEKD/^
TOPIC
-dumping
Arguments against protectionism
/
-run reliance on protectionist methods
/
d
4.3 Economic integration
'
Trading blocs
&&d
,
d
K
tdKtdK
^
4.5 Balance of payments
account
&
&
D
trade flow
,
Z
WWWW
4.7 Balance of payment problems
D
rates
-reducing policies
-
-switching policies
,
D->
:-
TOPIC
hE/ds>KWDEdKEKD/^
^
E
,resources
W
/
political stability
/
^
W* * * low incomes
Institutional and political factors
International trade barriers
/
indebtedness
-
^
'
,-Domar growth model
^
d
TOPIC
--oriented strategies
/-
&
D-credit schemes
&
^
-
d
/D&/D&
World Bank
-E'K
DEdE
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