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• Contents
• Introduction
• How to use your enhanced eBook
• Section 1: Competitive markets: Demand and supply
• 1.1: Competitive markets: Demand and supply
• 1.2: Elasticity: Price elasticity of demand (PED)
• 1.3: Government intervention – Indirect taxes
• 1.4: Market failure – The meaning and types of market failure
• 1.5: Theory of the firm and market structures – production and costs (HL)
• Section 2: Macroeconomics
• 2.1: Economic activity – The level of overall economic activity
• 2.2: Aggregate demand and aggregate supply
• 2.3: Macroeconomic objectives – Low unemployment
• 2.4: Fiscal policy: The government budget
• 2.5: Monetary policy: Interest rates
• 2.6: Supply-side policies: The role of supply-side policies, interventionist supply-side policies
• Section 3: International economics
• 3.1: International trade: Free trade
• 3.2: Exchange rates: Freely floating exchange rates
• 3.3: The balance of payments
• 3.4: Economic integration
• 3.5: Terms of trade (HL)
• Section 4: Development economics
• 4.1: Economic development
• 4.2: Measuring development
• 4.3: The role of domestic factors
• 4.4: The role of international trade
• 4.5: The role of foreign direct investment (FDI)
• 4.6: The roles of foreign aid and multilateral development assistance
• 4.7: The role of international debt
• 4.8: The balance between markets and intervention
• Internal Assessment
• Extended Essay
• Glossary: Command terms
• Index
• Back Cover