Introduction to economics
Start with scarcity, choice, opportunity cost, production possibilities and the circular flow of income.
IB Economics diagram library
Choose a unit to find a diagram, read its explanation and test how a change affects the economic model.
Start with scarcity, choice, opportunity cost, production possibilities and the circular flow of income.
Explore demand and supply, elasticity, government intervention, market failure and market power.
Study national income, aggregate demand and supply, inflation, unemployment, growth and economic policy.
Connect international trade, exchange rates, the balance of payments and economic development.
Start with a model you need to understand. Read the explanation, change one condition and use the diagram to support your answer.