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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...
Microeconomics
Unit 2.4(1): Behavioural economics (HL) Free
Behavioural economics offers a different view on consumer decision making by considering an alternative to the classical economic perspective that people try to maximise their utility from their available income Behavioural economics considers...