Ib Economics Hl Formula Booklet !free! Access

Unemployment Rate=Number of unemployed individualsTotal labor force×100Unemployment Rate equals the fraction with numerator Number of unemployed individuals and denominator Total labor force end-fraction cross 100 The Keynesian Multiplier

Area=12×Base×HeightArea equals one-half cross Base cross Height Strategies for Memorizing and Applying Formulas

The additional revenue gained from selling one more unit.

Terms of Trade=Index of Average Export PricesIndex of Average Import Prices×100Terms of Trade equals the fraction with numerator Index of Average Export Prices and denominator Index of Average Import Prices end-fraction cross 100 ib economics hl formula booklet

Macroeconomics focuses on aggregate metrics like economic growth, inflation, and unemployment. Measuring Economic Activity

: Consumer surplus is the area under the demand curve and above the market price. Macroeconomics (National Income & Growth) GDP Deflator Unemployment Rate Keynesian Multiplier Global Economy Terms of Trade Gini Coefficient from the Lorenz Curve. Top Resources & Blog Posts

Measures the relative price of a country's exports to its imports. Always divide by the value, not the new one

ATC=TCQ=Average Fixed Cost (AFC)+Average Variable Cost (AVC)ATC equals the fraction with numerator TC and denominator Q end-fraction equals Average Fixed Cost (AFC) plus Average Variable Cost (AVC)

) instead of relative percentage change. Always divide by the value, not the new one.

Would you like a printable of the exact formulas from the booklet, grouped by exam question type? Always divide by the value

PES=% change in quantity supplied% change in pricePES equals the fraction with numerator % change in quantity supplied and denominator % change in price end-fraction Costs, Revenues, and Profits Total, Average, and Marginal Revenue: Profit:

Since the IBO doesn't provide one, these community-vetted resources are widely used for revision:

Microeconomics is highly quantitative in the IB syllabus. You must be able to calculate various types of elasticities, utility, costs, revenues, and market efficiencies. 1. Elasticities

for allocative efficiency. Remember that Price represents the marginal benefit to society, and MC is the marginal cost. When they are equal, societal welfare is maximized. Connecting the math to economic theory makes it much easier to recall under exam pressure.