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Cognitive Biases (HL Topic)

Microeconomics: Course Curriculum

    1. Welcome to Microeconomics!

    2. The Nine Central Themes of IB Economics - A Reminder!

    3. Real-World Issue #1: How do consumers and producers make choices in trying to meet their economic objectives?

    4. Key Terms and Concepts: Demand, Supply, and Market Equilibrium

    5. Lesson 1: Introduction to Demand, Supply, and Market Equilibrium

    6. Lesson 2: The Law of Demand

    7. Lesson 3: The Determinants of Demand

    8. Lesson 4: The Law of Supply

    9. Lesson 5: The Determinants of Supply

    10. Lesson 6: The Rule of 11: The Basic Demand and Supply Diagram

    11. Study Break!

    12. Lesson 7: Market Equilibrium

    13. Lesson 8: The Effects of Shifts of Demand and Supply

    14. Lesson 9: The Role of Price Mechanism

    15. Lesson 10: Market and Allocative Efficiency

    16. Lesson 11: Closing Remarks on Demand, Supply, and Market Equilibrium

    17. Review Questions: Demand, Supply and Market Equilibrium

    18. IB Exam Practice Questions: Demand, Supply, and Market Equilibrium

    1. Lesson 1: Introduction Behavioral Economics - A Critique of Rational Economic Thought (HL Topic)

    2. Lesson 2: Assumptions of Neoclassical View of Economics (HL Topic)

    3. Lesson 3: Introduction to Behavioral Economics (HL Topic)

    4. Lesson 4: Behavioral Economics - Critique of Consumers' Rational Thinking (HL Topic)

    5. Lesson 5: Behavioral Economics - The Dual System Model (HL Topic)

    6. Lesson 6: Behavioral Economics - Cognitive Biases (HL Topic)

    7. Lesson 7: Behavioral Economics - Choice Architecture (HL Topic)

    8. Lesson 8: Behavioral Economics - Nudge Theory (HL Topic)

    9. Lesson 9: Closing Remarks on Behavioral Economics (HL Topic)

    1. Lesson 1: Elasticities: Introduction and Overview

    2. Lesson 2: Price Elasticity of Demand (PED)

    3. Lesson 3: Price Elasticity of Demand: Applications

    4. Lesson 4: Price Elasticity of Demand: The Diagram

    5. Lesson 5: Price Elasticity of Demand: Determinants

    6. Lesson 6: Cross Elasticity of Demand (XED)*

    7. Lesson 7: Income Elasticity of Demand (YED)

    8. Lesson 8: Importance of Income Elasticity of Demand (HL Topic)

    9. Study Break!

    10. Lesson 9: Price Elasticity of Supply (PES)

    11. Lesson 10: Price Elasticity of Supply: Applications

    12. Lesson 11: Price Elasticity of Supply: Determinants

    13. Lesson 12: Closing Remarks on Elasticity

    14. Key Terms and Concepts: Elasticities

    15. Review Questions: Elasticities

    16. IB Exam Practice Questions: Elasticities

    1. Real-World Issue #2: When are markets unable to satisfy important economic objectives—and does government intervention help?

    2. Lesson 1: Introduction to Government Intervention

    3. Lesson 2: Indirect Taxes

    4. Lesson 3: Indirect Tax Diagram

    5. Lesson 4: Per-Unit Subsidies

    6. Lesson 5: Per-Unit Subsidy Diagram

    7. Study Break!

    8. Lesson 6: Price Controls: Introduction

    9. Lesson 7: Price Ceiling Diagram

    10. Lesson 8: Price Floor Diagram

    11. Lesson 9: Closing Remarks on Government Intervention

    12. Key Terms and Concepts: Government Intervention

    13. Review Questions: Government Intervention

    14. IB Exam Practice Questions: Government Intervention

    1. Lesson 1: Introduction to Market Failure

    2. Lesson 2: Market and Allocative Efficiency

    3. Lesson 3: Market Failure Base Diagram

    4. Lesson 4: Negative Externality of Consumption: The Diagram

    5. Lesson 5: Negative Externality of Consumption: The Solutions

    6. Lesson 6: Negative Externality of Production: The Diagram

    7. Lesson 7: Negative Externalities of Production: The Solutions

    8. Lesson 8: Positive Externality of Consumption: The Diagram

    9. Lesson 9: Positive Externality of Consumption: The Solutions

    10. Lesson 10: Positive Externality of Production: The Diagram

    11. Lesson 11: Positive Externality of Production: The Solutions

    12. Lesson 12: Common Access Resources

    13. Lesson 13: Closing Remarks on Market Failure

    14. Key Terms and Concepts: Market Failure

    15. Review Questions: Market Failure

    16. IB Exam Practice Questions: Market Failure

    1. The Basic Demand and Supply Diagram: The Rule of 11

    2. Market Equilibrium: Market and Allocative Efficiency

    3. Elasticity: Price Elasticity of Demand -- The Diagram

    4. Government Intervention: The Indirect Tax Diagram

    5. Government Intervention: The Per-Unit Subsidy Diagram

    6. Government Intervention: The Price Ceiling Diagram

    7. Government Intervention: The Price Floor Diagram

    8. Market Failure: The Market Failure Base Diagram

    9. Market Failure: The Negative Externality of Consumption Diagram

    10. Market Failure: The Negative Externality of Production Diagram

    11. Market Failure: The Positive Externality of Consumption Diagram

    12. Market Failure: The Positive Externality of Production Diagram

About this course

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