Microeconomics – IB SL Notes and Key Concepts
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Microeconomic
About the Notes: Variation Details:category: Jishnu Mehra ,Individuals and societies,sl, Economics SL
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Law of Demand - Non-Price Determinants of Demand
- Law of Supply
- Non-Price Determinants of Supply
- Price Mechanism
- Allocative Efficiency
- Marginal Benefit
- Marginal Cost
- Consumer Surplus
- Producer Surplus
- PED
- YED
- PES
- Summary
- Rationale for Intervention
- Price Ceiling
- Price Floor
- Minimum Wages
- Indirect Taxes
- Subsidies
- Introduction
- Negative Production Externalities & Common Pool Resources
- Negative Consumptions Externalities
- Positive Production Externalities
- Positive Consumption Externalities & Merit Goods
- Summary of Externalities
- Market Failure and Public Goods
Jishnu
Passionate about space and engineering. Freshman at Delft University of Technology, pursuing BSc in Aerospace Engineering. Valedictorian of Fountainhead School (2024) with an IB score of 43/45, including perfect 7s in Math AA, Physics, Chemistry HL, and Economics SL. Scored 20/20 on Math AA IA.
Economics HLTeaching Assistant for IB Math and Physics+ years of tutoring experience
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