Microeconomics Summary Notes

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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