The Global Economy School Subscription
130+ Video Lessons | IB Lesson Specific Slides | IB Instructor’s Notes | IB Key Terms & Vocabulary | IB Exam Practice Questions | IB Student Discussions | Fully Updated!
Welcome to The Global Economy!
The Nine Central Themes of IB Economics - A Reminder!
Real-World Issue #1: Who are the winners and losers of the integration of the world’s economies?
The Global Economy: International Economics
Lesson 1: Introduction to Gains From Free Trade
Lesson 2: Comparative Advantage Theory
Lesson 3: The World Trade Organization (WTO)
Closing Remarks: Benefits of International Trade
Review Questions: Introduction to International Economics and Free Trade
Key Terms and Concepts: Introduction to International Economics and Free Trade
IB Exam Practice Questions: Free Trade
Lesson 1: Introduction to Free Trade and Protectionism
Lesson 2: Arguments for Protectionism
Lesson 3: Arguments For Free Trade (Against Protectionism)
Lesson 4: The Free Trade Diagram
Study Break!
Lesson 5: The Protectionist Tariff Diagram
Lesson 6: The Protectionist Subsidy Diagram
Lesson 7: The Protectionist Quota Diagram
Lesson 8: Administrative Barriers to Free Trade
Closing Remarks: Free Trade and Protectionism
Review Questions: Free Trade and Protectionism
Key Terms and Concepts: Free Trade and Protectionism
IB Exam Practice Questions: Free Trade and Protectionism
Lesson 1: Introduction to Exchange Rates
Lesson 2: The Exchange Rate Diagram
Lesson 3: The Fixed Exchange Rate System
Lesson 4: The Floating Exchange Rate System
Lesson 5: Impact of an Increase in Demand of a Currency (Floating Exchange Rate System)
Lesson 6: Impact of an Increase in Supply of a Currency (Floating Exchange Rate System)
Lesson 7: Managed Exchange Rates
Lesson 8: Strong Exchange Rate
Study Break!
Lesson 9: Weak Exchange Rate
Closing Remarks: Exchange Rates
Review Questions: Exchange Rates
Key Terms and Concepts: Exchange Rates
IB Exam Practice Questions: Exchange Rates
Lesson 1: Introduction to Balance of Payments
Lesson 2: A Visual Understanding of Before You Begin
Lesson 3: The Current Account
Lesson 4: The Financial Account
Study Break!
Lesson 5: The Reserve Assets
Lesson 6: Relationship Between the Balance of Payments and the Exchange Rate
Lesson 7: Recap: A Visual Understanding of Balance of Payments
Closing Remarks: Balance of Payments
Review Questions: Balance of Payments
Key Terms and Concepts: Balance of Payments
IB Exam Practice Questions: Balance of Payments
Lesson 1: Introduction to Economic Integration
Lesson 2: Six Stages of Economic Integration
Closing Remarks: Economic Integration
Closing Thoughts on International Section of Global Economy
Review Questions: Economic Integration
Key Terms and Concepts: Economic Integration
IB Exam Practice Questions: Economic Integration
Real-World Issue #2: Why is economic development uneven?
The Global Economy: Development Economics
Lesson 1: Introduction and Sources of Economic Growth
Lesson 2: Does Economic Growth Lead to Economic Development?
Lesson 3: Common Characteristics of Developing Nations
Lesson 4: Diversity Among Developing Nations
Study Break!
Lesson 5: International Development Goals
Closing Remarks: Economic Development
Review Questions: Economic Development
Key Terms and Concepts: Economic Development