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    • Theory Of Knowledge
    • Extended Essay
    • Creativity Activity Service
  • 1 Competitive markets: Demand and supply

    • Markets
    • Demand
    • Supply
    • Markt equilibrium
    • The role of the price mechanism
    • Market efficiency
  • 2 Elasticity

    • Price elasticity of demand (PED)
    • Cross price elasticity of demand (XED)
    • Income elasticity of demand (YED)
    • Price elasticity of supply (PES)
  • 3 Government intervention

    • Indirect taxes
    • Subsidies
    • Price controls
  • 4 Market failure

    • The meaning of market failure
    • Types of market failure
  • 11 Supply-side policies

    • The role of supply-side policies
    • Interventionist supply-side policies
    • Market-based supply-side policies
    • Evaluation of supply-side policies

Low unemployment

The meaning of unemployment

Consequences of unemployment

Types and causes of unemployment

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