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<div id="main-column" class="span12"><h1>Sitemap</h1><section id="sitemap" class="sitemap"><ul class="level-1 col-8"><li><span><a href="page/20131/start-here.html" class="">Start here</a></span><ul class="level-2 "><li><span><a href="page/46026/getting-started-for-students.html" class="">Getting started for students</a></span></li><li><span><a href="page/45198/predicted-grade-calculator.html" class="">Predicted grade calculator</a></span></li><li><span><a href="page/32772/using-the-student-access-on-the-site-.html" class="">Using the student access on the site </a></span><ul class="level-3 "><li><span><a href="page/32021/giving-students-access-to-the-inthinking-site.html" class="">Giving students access to the Inthinking site</a></span></li></ul></li><li><span><a href="page/20150/recommended-reading-.html" class="free">Recommended reading </a></span></li><li><span><a href="page/21984/economics-games.html" class="free">Economics games</a></span><ul class="level-3 "><li><span><a href="page/26967/activities-and-simulations.html" class="">Activities and simulations</a></span></li><li><span><a href="page/41381/crosswords.html" class="">Crosswords</a></span></li></ul></li><li><span><a href="page/40065/old-curriculum-resources.html" class="">Old curriculum resources</a></span><ul class="level-3 "><li><span><a href="page/29986/price-discrimination-old-syllabus-hl.html" class="">Price discrimination (old syllabus) HL</a></span></li></ul></li></ul></li><li><span><a href="page/27378/the-ib-core.html" class="free">The IB core</a></span><ul class="level-2 "><li><span><a href="page/1583/extended-essay.html" class="free">Extended essay</a></span><ul class="level-3 "><li><span><a href="page/27917/the-5-year-rule-in-economics-.html" class="free">The 5 year rule in economics </a></span></li><li><span><a href="page/21411/using-the-ee-markbands-.html" class="free">Using the EE markbands </a></span></li><li><span><a href="page/21412/focus-on-the-criteria-.html" class="free">Focus on the criteria </a></span></li><li><span><a href="page/20780/extended-essay-checklist.html" class="">Extended essay checklist</a></span></li><li><span><a href="page/20786/exemplar-extended-essay-.html" class="">Exemplar extended essay </a></span><ul class="level-4 "><li><span><a href="page/20819/annotated-extended-essay-sample-1-grading-criteria.html" class="">Annotated extended essay sample 1 (grading criteria)</a></span></li></ul></li><li><span><a href="page/36082/annotated-extended-essay-sample-1.html" class="">Annotated extended essay sample 1</a></span><ul class="level-4 "><li><span><a href="page/36110/annotated-extended-essay-sample-1-grading-criteria.html" class="">Annotated extended essay sample 1 (grading criteria)</a></span></li></ul></li><li><span><a href="page/20792/annotated-extended-essay-sample-2.html" class="free">Annotated extended essay sample 2</a></span><ul class="level-4 "><li><span><a href="page/20820/annotated-extended-essay-sample-2-grading-criteria.html" class="">Annotated extended essay sample 2 (grading criteria)</a></span></li></ul></li><li><span><a href="page/26701/annotated-extended-essay-sample-3.html" class="">Annotated extended essay sample 3</a></span><ul class="level-4 "><li><span><a href="page/26702/annotated-extended-essay-sample-3-grading-criteria.html" class="">Annotated extended essay sample 3 (grading criteria)</a></span></li></ul></li></ul></li></ul></li><li><span><a href="page/32112/textbook.html" class="">Textbook</a></span><ul class="level-2 "><li><span><a href="page/33061/contents-page.html" class="">Contents page</a></span></li><li><span><a href="page/37990/textbook-approach-to-the-new-ib-economics-examination-specificat.html" class="">Textbook approach to the new IB Economics examination specification</a></span></li><li><span><a href="page/33060/chapter-1-introduction-to-economics.html" class="">Chapter 1: Introduction to Economics</a></span><ul class="level-3 "><li><span><a href="page/32395/unit-11-introduction-to-economics.html" class="">Unit 1.1: Introduction to Economics</a></span></li><li><span><a href="page/32541/unit-12-how-do-economists-approach-the-world.html" class="">Unit 1.2: How do economists approach the world?</a></span></li></ul></li><li><span><a href="page/33063/chapter-2-microeconomics.html" class="">Chapter 2: Microeconomics</a></span><ul class="level-3 "><li><span><a href="page/32533/unit-21-demand-theory.html" class="">Unit 2.1: Demand theory</a></span></li><li><span><a href="page/32555/unit-22-supply-theory.html" class="">Unit 2.2: Supply theory</a></span></li><li><span><a href="page/32567/unit-23-competitive-market-equilibrium.html" class="">Unit 2.3: Competitive market equilibrium</a></span></li><li><span><a href="page/32575/unit-241-behavioural-economics-hl.html" class="">Unit 2.4(1): Behavioural economics (HL)</a></span></li><li><span><a href="page/32798/unit-242-business-objectives-hl.html" class="">Unit 2.4(2): Business objectives (HL)</a></span></li><li><span><a href="page/32663/unit-251-price-elasticity-of-demand-ped.html" class="">Unit 2.5(1): Price elasticity of demand (PED)</a></span></li><li><span><a href="page/32788/unit-252-income-elasticity-of-demand-yed--1.html" class="">Unit 2.5(2): Income elasticity of demand (YED) </a></span></li><li><span><a href="page/32789/unit-26-price-elasticity-of-supply-pes--1.html" class="">Unit 2.6: Price elasticity of supply (PES) </a></span></li><li><span><a href="page/33388/unit-271-governments-in-markets-tax-and-subsidy-.html" class="">Unit 2.7(1): Governments in markets - tax and subsidy </a></span></li><li><span><a href="page/33424/unit-272-governments-in-markets-price-controls.html" class="">Unit 2.7(2): Governments in markets - price controls</a></span></li><li><span><a href="page/33665/unit-281-market-failure-externalities.html" class="">Unit 2.8(1): Market failure – externalities</a></span></li><li><span><a href="page/33808/unit-282-market-failure-merit-goods-and-demerit-goods-.html" class="">Unit 2.8(2): Market failure - merit goods and demerit goods </a></span></li><li><span><a href="page/34054/unit-283-government-intervention-to-manage-externalities-merit-a.html" class="">Unit 2.8(3): Government intervention to manage externalities, merit and demerit goods </a></span></li><li><span><a href="page/34082/unit-284-common-access-pool-resources.html" class="">Unit 2.8(4): Common access (pool) resources</a></span></li><li><span><a href="page/34087/unit-29-public-goods.html" class="">Unit 2.9: Public goods</a></span></li><li><span><a href="page/34247/unit-210-asymmetric-information-hl.html" class="">Unit 2.10: Asymmetric information (HL)</a></span></li><li><span><a href="page/35118/unit-2111-market-power-theory-of-production-and-costs-hl.html" class="">Unit 2.11(1) Market power - Theory of production and costs (HL)</a></span></li><li><span><a href="page/35125/unit-2112-market-power-perfect-competitionhl.html" class="">Unit 2.11(2) Market power - Perfect competition(HL)</a></span></li><li><span><a href="page/35147/unit-2113-market-power-monopolyhl.html" class="">Unit 2.11(3) Market power - Monopoly(HL)</a></span></li><li><span><a href="page/35151/unit-2114-market-power-monopolistic-competitionhl.html" class="">Unit 2.11(4) Market power - Monopolistic competition(HL)</a></span></li><li><span><a href="page/35153/unit-2115-market-power-oligopolyhl.html" class="">Unit 2.11(5) Market power - Oligopoly(HL)</a></span></li><li><span><a href="page/41603/economics-real-world-examples-and-extension-material-.html" class="">Economics real world examples and extension material </a></span><ul class="level-4 "><li><span><a href="page/43378/opportunity-cost-and-production-possibility-curves.html" class="">Opportunity cost and production possibility curves</a></span></li><li><span><a href="page/42559/demand-theory.html" class="">Demand theory</a></span></li><li><span><a href="page/41886/the-price-mechanism.html" class="">The price mechanism</a></span></li><li><span><a href="page/43188/market-demand-and-supply.html" class="">Market demand and supply</a></span></li><li><span><a href="page/41705/demerit-goods.html" class="">Demerit goods</a></span></li><li><span><a href="page/42275/market-failure-and-climate-change.html" class="">Market failure and climate change</a></span></li><li><span><a href="page/42925/market-power.html" class="">Market power</a></span></li><li><span><a href="page/42099/applying-game-theory.html" class="">Applying game theory</a></span></li></ul></li></ul></li><li><span><a href="page/34407/chapter-3-macroeconomics.html" class="">Chapter 3: Macroeconomics</a></span><ul class="level-3 "><li><span><a href="page/34355/unit-311-measuring-the-level-of-economic-activity.html" class="">Unit 3.1(1): Measuring the level of economic activity</a></span></li><li><span><a href="page/34432/unit-312-measuring-economic-development.html" class="">Unit 3.1(2): Measuring Economic Development</a></span></li><li><span><a href="page/34485/unit-321-variations-in-economic-activity-aggregate-demand-ad-.html" class="">Unit 3.2(1): Variations in economic activity - aggregate demand (AD) </a></span></li><li><span><a href="page/34487/unit-322-variations-in-economic-activity-aggregate-supplyas.html" class="">Unit 3.2(2): Variations in economic activity - aggregate supply(AS)</a></span></li><li><span><a href="page/34758/unit-331-macroeconomic-objectives-economic-growth.html" class="">Unit 3.3(1) Macroeconomic objectives: economic growth</a></span></li><li><span><a href="page/34771/unit-332-macroeconomic-objectives-unemployment-.html" class="">Unit 3.3(2) Macroeconomic objectives: unemployment </a></span></li><li><span><a href="page/34778/unit-333-macroeconomic-objectives-inflation-and-deflation--1.html" class="">Unit 3.3(3) Macroeconomic objectives: inflation and deflation </a></span></li><li><span><a href="page/34925/unit-341-economics-of-inequality-and-poverty-1.html" class="">Unit 3.4(1) Economics of inequality and poverty</a></span></li><li><span><a href="page/34946/unit-342-policies-to-improve-equality-equity-and-poverty.html" class="">Unit 3.4(2) Policies to improve equality, equity and poverty</a></span></li><li><span><a href="page/34993/unit-35-government-management-of-the-economy-monetary-policy-1.html" class="">Unit 3.5 Government management of the economy – monetary policy</a></span></li><li><span><a href="page/34962/unit-36-government-management-of-the-economy-fiscal-policy-1.html" class="">Unit 3.6 Government management of the economy – fiscal policy</a></span></li><li><span><a href="page/35017/unit-371-market-based-supply-side-policies--1.html" class="">Unit 3.7(1) Market based supply-side policies </a></span></li><li><span><a href="page/35018/unit-372-interventionist-supply-side-policies-.html" class="">Unit 3.7(2) Interventionist supply-side policies </a></span></li><li><span><a href="page/45803/economics-real-world-examples-and-extension-material--1.html" class="">Economics real world examples and extension material </a></span><ul class="level-4 "><li><span><a href="page/42639/measuring-economic-well-being-1.html" class="">Measuring economic well-being</a></span></li><li><span><a href="page/43044/inflation.html" class="">Inflation</a></span></li><li><span><a href="page/42350/inequality.html" class="">Inequality</a></span></li><li><span><a href="page/41639/inequity-1.html" class="">Inequity</a></span></li></ul></li></ul></li><li><span><a href="page/35414/chapter-4-the-global-economy.html" class="">Chapter 4: The Global Economy</a></span><ul class="level-3 "><li><span><a href="page/35346/unit-41-benefits-of-international-trade-1.html" class="">Unit 4.1 Benefits of international trade</a></span></li><li><span><a href="page/35348/unit-4243-trade-protectionism-1.html" class="">Unit 4.2/4.3 Trade protectionism</a></span></li><li><span><a href="page/35407/unit-44-economic-integration-.html" class="">Unit 4.4 Economic integration </a></span></li><li><span><a href="page/35409/unit-45-exchange-rates-1.html" class="">Unit 4.5 Exchange rates</a></span></li><li><span><a href="page/35413/unit-46-balance-of-payments--1.html" class="">Unit 4.6 Balance of payments </a></span></li><li><span><a href="page/35675/unit-47-sustainable-development.html" class="">Unit 4.7 Sustainable development</a></span></li><li><span><a href="page/35685/unit-48-measuring-development--1.html" class="">Unit 4.8 Measuring development </a></span></li><li><span><a href="page/35687/unit-49-barriers-to-economic-development-1.html" class="">Unit 4.9 Barriers to economic development</a></span></li><li><span><a href="page/35702/unit-410-economic-growth-and-economic-development-strategies.html" class="">Unit 4.10: Economic growth and economic development strategies</a></span></li><li><span><a href="page/45804/economics-real-world-examples-and-extension-material-.html" class="">Economics real world examples and extension material </a></span><ul class="level-4 "><li><span><a href="page/41927/foreign-currency-1.html" class="">Foreign currency</a></span></li><li><span><a href="page/43532/exchange-rates-1.html" class="">Exchange rates</a></span></li><li><span><a href="page/43804/balance-of-payments.html" class="">Balance of payments</a></span></li><li><span><a href="page/41796/economic-development-1.html" class="">Economic development</a></span></li></ul></li></ul></li></ul></li><li><span><a href="page/20132/units-1-2-microeconomics.html" class="free">Units 1-2: Microeconomics</a></span><ul class="level-2 "><li><span><a href="page/32301/unit-1-introduction-to-economics.html" class="free">Unit 1: Introduction to economics</a></span><ul class="level-3 "><li><span><a href="page/20091/introductory-activity-1.html" class="free">Introductory activity</a></span></li><li><span><a href="page/20093/unit-11-scarcity-choice-and-opportunity-cost.html" class="">Unit 1.1: Scarcity, choice and opportunity cost</a></span><ul class="level-4 "><li><span><a href="page/21647/factors-of-production-1.html" class="">Factors of production</a></span></li></ul></li><li><span><a href="page/20114/economic-systems.html" class="">Economic systems</a></span><ul class="level-4 "><li><span><a href="page/20134/public-and-private-sectors-1.html" class="">Public and private sectors</a></span></li></ul></li><li><span><a href="page/28055/unit-12-economics-as-a-social-science-1.html" class="">Unit 1.2: Economics as a social science</a></span></li><li><span><a href="page/29921/circular-flow-of-national-income.html" class="">Circular flow of national income</a></span></li><li><span><a href="page/29829/unit-1-review-terms-1.html" class="">Unit 1: Review terms</a></span></li><li><span><a href="page/41600/introduction-to-economics-crossword-1.html" class="">Introduction to economics crossword</a></span></li><li><span><a href="page/4331/unit-1-multiple-choice-quiz.html" class="">Unit 1: Multiple choice quiz</a></span></li></ul></li><li><span><a href="page/20177/unit-21-23-competitive-markets-demand-and-supply-1.html" class="free">Unit 2.1-2.3: Competitive markets - demand and supply</a></span><ul class="level-3 "><li><span><a href="page/28517/unit-21-demand-1.html" class="">Unit 2.1: Demand</a></span><ul class="level-4 "><li><span><a href="page/22349/determinants-of-demand-1.html" class="">Determinants of demand</a></span></li></ul></li><li><span><a href="page/29949/unit-22-supply-.html" class="">Unit 2.2: Supply </a></span><ul class="level-4 "><li><span><a href="page/20184/changes-to-supply-and-demand-.html" class="">Changes to supply and demand </a></span></li><li><span><a href="page/21992/practise-exercises-1.html" class="">Practise exercises</a></span></li><li><span><a href="page/26112/gold-exchange-game-demand-and-supply-1.html" class="">Gold exchange game: Demand and supply</a></span></li></ul></li><li><span><a href="page/20194/unit-23-competitive-market-equilibrium-1.html" class="">Unit 2.3: Competitive market equilibrium</a></span><ul class="level-4 "><li><span><a href="page/20144/producer-and-consumer-surplus-1.html" class="">Producer and consumer surplus</a></span></li></ul></li><li><span><a href="page/22351/veblen-goods-and-super-luxury-goods-1.html" class="">Veblen goods and super luxury goods</a></span><ul class="level-4 "><li><span><a href="page/25677/are-cryptocurrencies-the-new-tulipmania.html" class="">Are Cryptocurrencies the new Tulipmania?</a></span></li></ul></li><li><span><a href="page/20472/unit-21-23-multiple-choice-quiz.html" class="">Unit 2.1-2.3: Multiple choice quiz</a></span></li></ul></li><li><span><a href="page/20113/unit-24-consumer-and-producer-behaviour-hl-only-1.html" class="">Unit 2.4: Consumer and producer behaviour (HL only)</a></span><ul class="level-3 "><li><span><a href="page/36073/behavioural-economics-consumer-biases-nudge-theory-hl-only-1.html" class="">Behavioural economics: Consumer biases / nudge theory (HL only)</a></span></li><li><span><a href="page/20378/business-objectives-hl-only.html" class="">Business objectives (HL only)</a></span></li><li><span><a href="page/28741/unit-21-24-review-terms--1.html" class="">Unit 2.1-2.4: Review terms </a></span></li></ul></li><li><span><a href="page/20195/unit-25-26-elasticity-1.html" class="">Unit 2.5-2.6: Elasticity</a></span><ul class="level-3 "><li><span><a href="page/28713/unit-25-price-elasticity-of-demand-1.html" class="">Unit 2.5: Price elasticity of demand</a></span><ul class="level-4 "><li><span><a href="page/21545/determinants-of-price-elasticity-.html" class="">Determinants of price elasticity </a></span></li><li><span><a href="page/21532/ped-elasticity-and-sales-revenue.html" class="">PED elasticity and sales revenue?</a></span></li></ul></li><li><span><a href="page/21259/unit-25-income-elasticity-of-demand-yed.html" class="">Unit 2.5: Income elasticity of demand (YED)</a></span></li><li><span><a href="page/21200/unit-26-price-elasticity-of-supply.html" class="">Unit 2.6: Price elasticity of supply</a></span><ul class="level-4 "><li><span><a href="page/20207/perfectly-elastic-inelastic-supply-curves.html" class="">Perfectly elastic / inelastic supply curves</a></span></li></ul></li><li><span><a href="page/20230/a-mathematical-note-about-elasticity-.html" class="">A mathematical note about elasticity </a></span></li><li><span><a href="page/39037/demand-and-supply-crossword.html" class="">Demand and supply crossword</a></span></li><li><span><a href="page/29021/unit-25-26-review-terms-1.html" class="">Unit 2.5-2.6: Review terms</a></span></li><li><span><a href="page/20474/unit-25-26-multiple-choice-quiz--1.html" class="">Unit 2.5-2.6: Multiple choice quiz </a></span></li><li><span><a href="page/44474/unit-21-25-competitive-markets-quiz-1.html" class="">Unit 2.1- 2.5: Competitive markets quiz</a></span></li></ul></li><li><span><a href="page/20243/unit-27-the-role-of-government-in-microeconomics--1.html" class="free">Unit 2.7: The role of government in microeconomics </a></span><ul class="level-3 "><li><span><a href="page/26590/indirect-taxation.html" class="">Indirect taxation</a></span><ul class="level-4 "><li><span><a href="page/20246/ped-and-the-burden-of-tax-hl-only-.html" class="">PED and the burden of tax (HL only) </a></span></li></ul></li><li><span><a href="page/20277/government-subsidies--1.html" class="">Government subsidies </a></span></li><li><span><a href="page/29117/unit-27-indirect-tax-and-subsidy-review-terms-1.html" class="">Unit 2.7: Indirect tax and subsidy review terms</a></span></li><li><span><a href="page/20287/price-controls-maximum-price--1.html" class="">Price controls − maximum price </a></span></li><li><span><a href="page/20288/minimum-price-.html" class="">Minimum price </a></span></li><li><span><a href="page/21540/minimum-wage-.html" class="">Minimum wage </a></span></li><li><span><a href="page/38849/labour-market-crossword-1.html" class="">Labour market crossword</a></span></li><li><span><a href="page/29260/unit-27-price-controls-review-terms-1.html" class="">Unit 2.7: Price controls review terms</a></span></li></ul></li><li><span><a href="page/20303/unit-28-210-market-failure--1.html" class="">Unit 2.8-2.10: Market failure </a></span><ul class="level-3 "><li><span><a href="page/21543/unit-28-merit-goods--1.html" class="">Unit 2.8: Merit goods </a></span></li><li><span><a href="page/23123/unit-28-demerit-goods-negative-externalities-1.html" class="">Unit 2.8: Demerit goods / negative externalities</a></span></li><li><span><a href="page/38850/market-failure-crossword-1.html" class="">Market failure crossword</a></span></li><li><span><a href="page/29262/unit-29-economics-of-the-environment-and-public-goods--1.html" class="">Unit 2.9: Economics of the environment and public goods </a></span></li><li><span><a href="page/20332/unit-210-asymmetric-information-hl-only-1.html" class="">Unit 2.10: Asymmetric information (HL only)</a></span></li><li><span><a href="page/29828/unit-28-210-market-failure-review-sheet.html" class="">Unit 2.8-2.10: Market failure review sheet</a></span></li><li><span><a href="page/29827/unit-28-210-market-failure-review-terms.html" class="">Unit 2.8-2.10: Market failure review terms</a></span></li><li><span><a href="page/20479/unit-27-210-multiple-choice-quiz--1.html" class="">Unit 2.7-2.10: Multiple choice quiz </a></span></li><li><span><a href="page/44501/unit-27-210-government-failure-revision-quiz-1.html" class="">Unit 2.7-2.10 Government failure revision quiz</a></span></li></ul></li><li><span><a href="page/20330/unit-211-market-power-hl-only-1.html" class="free">Unit 2.11: Market power (HL only)</a></span><ul class="level-3 "><li><span><a href="page/29835/assessment-map.html" class="">Assessment map</a></span></li><li><span><a href="page/21528/production-hl-only.html" class="">Production (HL only)</a></span></li><li><span><a href="page/29978/revenue-theory-hl-only.html" class="">Revenue theory (HL only)</a></span></li><li><span><a href="page/20357/costs-of-production-hl-only.html" class="">Costs of production (HL only)</a></span><ul class="level-4 "><li><span><a href="page/21286/economies-and-diseconomies-of-scale-hl-only.html" class="">Economies and diseconomies of scale (HL only)</a></span></li><li><span><a href="page/22494/long-run-average-cost-curves-hl-only.html" class="">Long run average cost curves (HL only)</a></span></li><li><span><a href="page/29838/breakeven-hl-only.html" class="">Breakeven (HL only)</a></span></li></ul></li><li><span><a href="page/20340/economic-profit-hl-only.html" class="">Economic profit (HL only)</a></span></li><li><span><a href="page/39082/market-power-crossword.html" class="">Market power crossword</a></span></li><li><span><a href="page/22495/revision-exercise-on-cost-and-revenue-hl-only.html" class="">Revision exercise on cost and revenue (HL only)</a></span></li><li><span><a href="page/29845/unit-211-costs-revenue-and-profit-review-sheet-hl-only.html" class="">Unit 2.11: Costs, revenue and profit review sheet (HL only)</a></span></li><li><span><a href="page/44484/unit-211-multiple-choice-quiz-sl-units-1.html" class="">Unit 2.11: Multiple choice quiz (SL units)</a></span></li><li><span><a href="page/29846/market-structures-hl-only-1.html" class="">Market structures (HL only)</a></span></li><li><span><a href="page/29981/perfect-competition-hl-only-1.html" class="">Perfect competition (HL only)</a></span><ul class="level-4 "><li><span><a href="page/24486/profit-in-perfect-competition-hl-only-1.html" class="">Profit in perfect competition (HL only)</a></span></li><li><span><a href="page/21302/efficiency-in-perfect-competition-hl-only.html" class="">Efficiency in perfect competition (HL only)</a></span></li></ul></li><li><span><a href="page/20430/monopoly-hl-only-1.html" class="">Monopoly (HL only)</a></span><ul class="level-4 "><li><span><a href="page/24529/profit-and-revenue-maximisation-in-monopoly-hl-only-1.html" class="">Profit and revenue maximisation in monopoly (HL only)</a></span></li><li><span><a href="page/21306/a-comparison-of-monopoly-and-perfect-competition-hl-only-1.html" class="">A comparison of monopoly and perfect competition? (HL only)</a></span></li></ul></li><li><span><a href="page/20435/monopolistic-competition-hl-only-1.html" class="">Monopolistic competition (HL only)</a></span></li><li><span><a href="page/20436/oligopoly-hl-only-1.html" class="">Oligopoly (HL only)</a></span><ul class="level-4 "><li><span><a href="page/22310/game-theory-hl-only-1.html" class="free">Game theory (HL only)</a></span></li></ul></li><li><span><a href="page/29918/unit-211-market-structures-review-sheet-hl-only-1.html" class="">Unit 2.11: Market structures review sheet (HL only)</a></span></li><li><span><a href="page/32337/unit-211-diagram-revision-.html" class="">Unit 2.11: Diagram revision </a></span></li><li><span><a href="page/20480/unit-211-multiple-choice-quiz-hl-only-1.html" class="">Unit 2.11: Multiple choice quiz (HL only)</a></span></li></ul></li><li><span><a href="page/32425/unit-212-the-markets-inability-to-achieve-equity-hl-only-1.html" class="">Unit 2.12: The market’s inability to achieve equity (HL only)</a></span></li></ul></li><li><span><a href="page/21842/unit-3-macroeconomics-.html" class="free">Unit 3: Macroeconomics </a></span><ul class="level-2 "><li><span><a href="page/3942/unit-31-measuring-economic-activity-and-illustrating-its-variati-1.html" class="">Unit 3.1: Measuring economic activity and illustrating its variations</a></span><ul class="level-3 "><li><span><a href="page/20558/calculating-national-income-1.html" class="">Calculating national income</a></span></li><li><span><a href="page/21297/gdp-gni-as-a-measure-of-living-standards.html" class="">GDP / GNI as a measure of living standards</a></span></li><li><span><a href="page/20567/national-income-statistics-1.html" class="">National income statistics</a></span></li><li><span><a href="page/21580/the-business-cycle-1.html" class="">The business cycle</a></span></li><li><span><a href="page/29931/unit-31-economic-activity-review-sheet-1.html" class="">Unit 3.1: Economic activity review sheet</a></span></li></ul></li><li><span><a href="page/20592/unit-32-variations-in-economic-activityaggregate-demand-and-aggr-1.html" class="free">Unit 3.2: Variations in economic activity—aggregate demand and aggregate supply</a></span><ul class="level-3 "><li><span><a href="page/29933/aggregate-demand-and-supply.html" class="">Aggregate demand and supply</a></span></li><li><span><a href="page/21582/components-of-aggregate-demand-1.html" class="">Components of aggregate demand</a></span></li><li><span><a href="page/20634/equilibrium-in-macroeconomics-neo-classical-perspective-1.html" class="">Equilibrium in macroeconomics (neo-classical perspective)</a></span></li><li><span><a href="page/20439/equilibrium-in-macroeconomics-keynesian-perspective-1.html" class="">Equilibrium in macroeconomics (keynesian perspective)</a></span></li><li><span><a href="page/21349/john-maynard-keynes-1.html" class="">John Maynard Keynes</a></span></li><li><span><a href="page/20650/keynesian-v-free-market-debate--1.html" class="">Keynesian v free market debate </a></span></li><li><span><a href="page/21342/changes-in-the-long-run-aggregate-supply-1.html" class="">Changes in the long run aggregate supply</a></span></li><li><span><a href="page/30055/unit-32-aggregate-demand-and-supply-review-sheet-1.html" class="">Unit 3.2: Aggregate demand and supply review sheet</a></span></li></ul></li><li><span><a href="page/20610/unit-35-and-36-demand-management-fiscal-and-monetary-policy-1.html" class="free">Unit 3.5 and 3.6: Demand management - fiscal and monetary policy</a></span><ul class="level-3 "><li><span><a href="page/30058/government-budget.html" class="">Government budget</a></span></li><li><span><a href="page/21585/fiscal-policy--1.html" class="">Fiscal policy </a></span></li><li><span><a href="page/21343/multiplier-hl-only.html" class="">Multiplier (HL only)</a></span></li><li><span><a href="page/21795/monetary-policy--1.html" class="">Monetary policy </a></span></li><li><span><a href="page/30071/independent-central-banks-1.html" class="">Independent central banks</a></span></li><li><span><a href="page/30083/unit-35-and-36-review-sheet.html" class="free">Unit 3.5 and 3.6 review sheet</a></span></li></ul></li><li><span><a href="page/20615/unit-37-supply-side-policies-1.html" class="free">Unit 3.7: Supply side policies</a></span><ul class="level-3 "><li><span><a href="page/20651/the-role-of-supply-side-policies-1.html" class="">The role of supply side policies</a></span></li><li><span><a href="page/20622/market-based-and-interventionist-supply-side-policies--1.html" class="">Market based and interventionist supply side policies </a></span></li><li><span><a href="page/39129/aggregate-demand-and-supply-crossword-1.html" class="">Aggregate demand and supply crossword</a></span></li><li><span><a href="page/30086/unit-37-review-sheet-1.html" class="">Unit 3.7: Review sheet</a></span></li><li><span><a href="page/20755/unit-31-32-and-35-37-multiple-choice-quiz--1.html" class="">Unit 3.1-3.2 and 3.5-3.7: Multiple choice quiz </a></span></li></ul></li><li><span><a href="page/44522/unit-31-32-and-35-37-revision-quiz-1.html" class="">Unit 3.1-3.2 and 3.5-3.7: Revision quiz</a></span></li><li><span><a href="page/20686/unit-33-macroeconomic-objectives.html" class="free">Unit 3.3: Macroeconomic objectives</a></span><ul class="level-3 "><li><span><a href="page/30118/unemployment.html" class="">Unemployment</a></span><ul class="level-4 "><li><span><a href="page/21351/types-of-unemployment.html" class="">Types of unemployment?</a></span></li><li><span><a href="page/21593/equilibrium-unemployment-.html" class="">Equilibrium unemployment </a></span></li><li><span><a href="page/21594/disequilibrium-unemployment-1.html" class="">Disequilibrium unemployment</a></span></li><li><span><a href="page/30458/unemployment-review-sheet-1.html" class="">Unemployment review sheet</a></span></li></ul></li><li><span><a href="page/20713/inflation--1.html" class="">Inflation </a></span><ul class="level-4 "><li><span><a href="page/20712/measuring-inflation-hl-only-1.html" class="">Measuring inflation (HL only)</a></span></li><li><span><a href="page/20685/costs-of-inflation-and-deflation-1.html" class="">Costs of inflation and deflation</a></span></li><li><span><a href="page/30465/inflation-review-sheet.html" class="">Inflation review sheet</a></span></li></ul></li><li><span><a href="page/20716/unemployment-v-inflation-trade-off-hl-only-1.html" class="">Unemployment v inflation trade off (HL only)</a></span></li><li><span><a href="page/39133/macroeconomic-objectives-crossword-1.html" class="">Macroeconomic objectives crossword</a></span></li><li><span><a href="page/44511/unit-33-macroeconomic-indicators-revision-quiz-1.html" class="">Unit 3.3: Macroeconomic indicators revision quiz</a></span></li></ul></li><li><span><a href="page/20741/unit-34-economics-of-inequality-and-poverty-1.html" class="">Unit 3.4: Economics of inequality and poverty</a></span><ul class="level-3 "><li><span><a href="page/32398/inequality-1.html" class="">Inequality</a></span></li><li><span><a href="page/21356/the-role-of-spending-and-taxation-on-inequality--1.html" class="">The role of spending and taxation on inequality </a></span></li><li><span><a href="page/21313/consequences-of-economic-growth-1.html" class="">Consequences of economic growth</a></span></li><li><span><a href="page/30257/economic-growth-and-inequality-review-sheet-1.html" class="">Economic growth and inequality review sheet</a></span></li><li><span><a href="page/20756/unit-33-34-multiple-choice-.html" class="">Unit 3.3-3.4: Multiple choice </a></span></li></ul></li></ul></li><li><span><a href="page/21844/unit-4-global-economy.html" class="">Unit 4: Global economy</a></span><ul class="level-2 "><li><span><a href="page/21367/unit-41-benefits-of-international-trade.html" class="">Unit 4.1: Benefits of international trade</a></span><ul class="level-3 "><li><span><a href="page/30529/benefits-of-international-trade.html" class="">Benefits of international trade</a></span></li><li><span><a href="page/20823/absolute-and-comparative-advantage-hl-only-1.html" class="">Absolute and comparative advantage (HL only)</a></span></li></ul></li><li><span><a href="page/20845/unit-42-43-trade-protection-1.html" class="">Unit 4.2-4.3: Trade protection</a></span><ul class="level-3 "><li><span><a href="page/32419/barriers-to-trade-calculations-are-hl-only-1.html" class="">Barriers to trade (calculations are HL only)</a></span></li><li><span><a href="page/21610/case-study-on-tata-steel-1.html" class="">Case study on Tata Steel</a></span></li><li><span><a href="page/23455/the-defence-industry-1.html" class="">The Defence industry</a></span></li><li><span><a href="page/30610/unit-41-43-review-sheet-1.html" class="">Unit 4.1-4.3: Review sheet</a></span></li></ul></li><li><span><a href="page/20894/unit-44-economic-integration--1.html" class="">Unit 4.4: Economic integration </a></span><ul class="level-3 "><li><span><a href="page/30634/economic-integration-some-hl-tasks-1.html" class="">Economic integration (some HL tasks)</a></span></li><li><span><a href="page/20840/world-trade-organisation-wto-1.html" class="">World trade organisation (WTO)</a></span></li><li><span><a href="page/30635/unit-44-review-sheet-1.html" class="">Unit 4.4: Review sheet</a></span></li></ul></li><li><span><a href="page/20853/unit-45-exchange-rates-1.html" class="">Unit 4.5: Exchange rates</a></span><ul class="level-3 "><li><span><a href="page/30611/floating-exchange-rates-1.html" class="">Floating exchange rates</a></span></li><li><span><a href="page/31824/fixed-managed-exchange-rate-systems-some-hl-tasks-1.html" class="">Fixed / managed exchange rate systems (some HL tasks)</a></span></li><li><span><a href="page/21624/the-market-for-foreign-exchange-1.html" class="">The market for foreign exchange</a></span></li><li><span><a href="page/30614/unit-45-review-sheet-1.html" class="">Unit 4.5: Review sheet</a></span></li></ul></li><li><span><a href="page/20859/unit-46-balance-of-payments-1.html" class="">Unit 4.6: Balance of payments</a></span><ul class="level-3 "><li><span><a href="page/30624/balance-of-payments--1.html" class="">Balance of payments </a></span></li><li><span><a href="page/21386/current-account-hl-only-1.html" class="">Current account (HL only)</a></span></li><li><span><a href="page/20872/the-marshall-lerner-condition-j-curve-hl-only-1.html" class="">The Marshall-Lerner condition / J curve (HL only)</a></span></li></ul></li><li><span><a href="page/20899/units-41-46-multiple-choice-quiz--1.html" class="">Units 4.1-4.6: Multiple choice quiz </a></span></li><li><span><a href="page/42989/unit-41-46-multiple-choice-quiz-ii-1.html" class="">Unit 4.1-4.6: Multiple choice quiz II</a></span></li><li><span><a href="page/39438/unit-41-46-international-trade-crossword-1.html" class="">Unit 4.1-4.6: International trade crossword</a></span></li><li><span><a href="page/32423/unit-47-sustainable-development--1.html" class="">Unit 4.7: Sustainable development </a></span><ul class="level-3 "><li><span><a href="page/26092/water-scarcity-activity-1.html" class="">Water scarcity activity</a></span></li><li><span><a href="page/32426/sustainable-development.html" class="">Sustainable development</a></span></li></ul></li><li><span><a href="page/20928/unit-48-measuring-development--1.html" class="">Unit 4.8: Measuring development </a></span><ul class="level-3 "><li><span><a href="page/30686/measuring-development-1.html" class="">Measuring development</a></span></li><li><span><a href="page/21627/economic-development--1.html" class="">Economic development </a></span></li><li><span><a href="page/30679/unit-47-48-review-sheet.html" class="">Unit 4.7-4.8: Review sheet</a></span></li></ul></li><li><span><a href="page/32427/unit-49-barriers-to-development.html" class="">Unit 4.9: Barriers to development</a></span><ul class="level-3 "><li><span><a href="page/30727/barriers-to-development-in-international-trade-1.html" class="">Barriers to development in International trade</a></span></li></ul></li><li><span><a href="page/32430/unit-410-economic-growth-andor-economic-development-strategies-1.html" class="">Unit 4.10: Economic growth and/or economic development strategies</a></span><ul class="level-3 "><li><span><a href="page/30687/the-role-of-domestic-factors-1.html" class="">The role of domestic factors</a></span></li><li><span><a href="page/30688/the-role-of-international-trade-and-development-1.html" class="">The role of international trade and development</a></span></li><li><span><a href="page/30689/the-role-of-foreign-direct-investment-fdi-1.html" class="">The role of foreign direct investment (FDI)</a></span></li><li><span><a href="page/25240/the-role-of-foreign-aid--1.html" class="">The role of foreign aid </a></span></li><li><span><a href="page/30819/multilateral-development-assistance-1.html" class="">Multilateral development assistance</a></span></li><li><span><a href="page/21632/the-role-of-international-debt-1.html" class="">The role of international debt</a></span></li><li><span><a href="page/25242/the-balance-between-markets-and-intervention-1.html" class="">The balance between markets and intervention</a></span></li><li><span><a href="page/30926/unit-49-410-review-sheet.html" class="">Unit 4.9 - 4.10: Review sheet</a></span></li></ul></li></ul></li><li><span><a href="page/21380/assessment.html" class="">Assessment</a></span><ul class="level-2 "><li><span><a href="page/20488/internal-assessment-.html" class="free">Internal assessment </a></span><ul class="level-3 "><li><span><a href="page/20608/how-to-write-your-ia-student-handout.html" class="free">How to write your IA? (student handout)</a></span></li><li><span><a href="page/21428/how-to-interpret-the-assessment-criteria-1.html" class="free">How to interpret the assessment criteria?</a></span></li><li><span><a href="page/32066/grading-practise-.html" class="free">Grading practise </a></span><ul class="level-4 "><li><span><a href="page/32076/sample-3a.html" class="free">Sample 3a</a></span><ul class="level-5 "><li><span><a href="page/32083/sample-3b-1.html" class="free">Sample 3b</a></span></li></ul></li></ul></li></ul></li><li><span><a href="page/32022/assessment-markbands-1.html" class="">Assessment markbands</a></span></li></ul></li><li><span><a href="page/4332/exam-style-questions.html" class="">Exam style questions</a></span><ul class="level-2 "><li><span><a href="page/32113/paper-1-style-examination-questions.html" class="">Paper 1 style examination questions</a></span><ul class="level-3 "><li><span><a href="page/40100/unit-211-212-questions.html" class="">Unit 2.11-2.12 questions</a></span></li></ul></li><li><span><a href="page/45102/paper-1-guidance-on-essay-writing-1.html" class="">Paper 1 guidance on essay writing</a></span></li></ul></li></ul></section></div><!-- /#main-column -->
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