Markets and demand
One of the first topics that we look at in the Microeconomics section of the syllabus is markets and how they function. …
Price discrimination
The final topic of the HL Theory of the Firm section is Price discrimination. This is where the producer charges different consumers …
The simple prisoner’s dilemma
Game theory is an area of Economics that is increasingly used to explain many situations where strategic thinking and action is involved. …
Supply-side policies
We have already looked at demand-side policies, but governments also have the option to use supply-side policies. These are policies that are …
Monetary policy
We have already looked at one aspect of demand-side policy, fiscal policy, and it is important that we also understand the other …
Fiscal policy
We have now looked at the 5 different macroeconomic objectives of governments (low and stable inflation, low unemployment, stable economic growth, promoting …
Poverty
One of the issues that we have come across during our study of promoting equity as a macroeconomic goal is that of poverty. …
Promoting equity
We have already looked at the macroeconomic objective of promoting equity, why we have it and how we measure it. It is also …
Equality and equity
A further macroeconomic objective that we study is greater equity in the distribution of the income. Remember that an equitable distribution of …
Economic growth
One of the government macroeconomic objectives we have already mentioned is stable economic growth. We have already looked at the business cycle …