Graph Analysis

In this section, students learn to analyze key economic graphs such as demand and supply curves, production possibility curves, and aggregate demand and supply curves.

A. Demand And Supply Curves

This section introduces demand and supply curves, focusing on their definitions, graphical representations, and relevance in understanding market dynamics.

B. Production Possibility Curve (Ppc)

The Production Possibility Curve (PPC) illustrates the maximum output combinations of two goods/services that can be produced with available resources, highlighting key concepts like opportunity cost and efficiency.

C. Aggregate Demand And Aggregate Supply (Ad/as)

This section covers the concepts of Aggregate Demand and Aggregate Supply, including the shapes of their curves and their significance in understanding macroeconomic policies.

Case Studies: Applying Theory To Real-World Scenarios

This section explores the importance of case studies in applying economic theory to real-world scenarios, promoting critical analysis and understanding.

Example Case Study: Inflation In Argentina

The section explores the case study of inflation in Argentina, emphasizing causes, effects, and policy responses.

Evaluating Economic Policies

This section discusses the evaluation of economic policies, focusing on their advantages, disadvantages, and effectiveness.

A. Tariffs

This section discusses tariffs, their definitions, advantages, and disadvantages in the context of economic policy.

B. Fiscal Stimulus

Evaluation Framework

The Evaluation Framework provides essential skills for assessing economic policies and understanding their effectiveness in real-world scenarios.

Research Projects

Research projects in MYP Economics encourage students to explore local or global economic issues independently, fostering inquiry and practical application of economic principles.

Research Project Ideas

This section introduces various research project ideas that encourage MYP Economics students to explore local and global economic issues through independent inquiry.

Expected Outcomes

This section outlines the expected competencies students should develop in MYP Economics, focusing on practical skills necessary for real-world application.

Chapter Summary

This section highlights the key skills essential for success in MYP Economics, focusing on graphical analysis, case studies, policy evaluation, and research projects.