Microeconomics Summary Notes


Collection of summary notes for the Microeconomics portion of the IB Economics syllabus  (From 2013). These notes are relevant to SL and HL, covering the following topics:


  • Income elasticity
  • Indirect taxes
  • Subsidies
  • Price controls
  • The meaning of market failure
  • Negative externalities
  • Positive externalities
  • Lack of public goods
  • Common access resources
  • Asymmetric information
  • Abuse of monopoly power
  • Production and costs
  • Revenues
  • Profit
  • Goals of firms
  • Perfect competition
  • Monopoly
  • Monopolistic competition
  • Oligopoly
  • Price Discrimination


Total: 72 Pages



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