Related International Baccalaureate Economics essays

1. 

   Growth and Development Problem Set - IB Economics exam questions and answers.

   Secure property rights encourage investment, property maintenance and economic growth. The less secure the property rights, the lower access to credit, the worse the terms (i.e. the higher the rate of interest), and so the fewer the investments financed by credit, and the lower economic growth.

2. 

   Old IB Questions

   Normal profit is the minimum amount of revenue required by a firm so that it will be induced to keep running, which is equal to part of revenue that covers total opportunity costs (all explicit and implicit costs). Economic profit is total revenue minus economic costs (or total opportunity costs, or the sum of accounting plus implicit costs).

1. 

   Economics Commentary on "Price of coffee heats up".

   Some restaurant owners are trying desperately to avoid passing the cost on to customers, often at a price for their employees. "My staff is unfortunately feeling the pinch, because I'm cutting back on their hours and I'm working more hours myself to make up the profitability," said restaurant owner Brad Kent.

2. 

   Markets and Price Determination

   As the marginal utility from a product diminishes with extra consumption, it follows that the rational consumer will only demand more of a product if its price falls. A demand schedule = a table showing the quantity of a product demanded at different prices.

1. 

   Role of ICT for "Make in India" government initiative.

   Forecasting of crops, Command Area management, Fisheries, Natural Disaster management are some of the key areas where one can see imperative impact of IT in Agriculture.

2. 

   15 Historical Economic Questions on Mercatilism and the Development of European Countries.

   What were the causes of the Great Depression? Why or how did we manage to avoid it during the 2007-10 period? When the economy is driven by day-to-day decisions made by human beings we find an inevitability of bubbles, crashes, or recessions.

1. 

   Use a diagram to show the consequences of government imposing a price above or ...

   With the shortage and the excess demand of oil, producers would then sell the products at a higher price illegally, and they would succeed in doing so because consumers would still need the oil that is so scarce in the market.

2. 

   Economic Commentary: Price Floor - A ban on the sale of alcohol below a ...

   But the British Medical Association says it will make little difference. A spokesman for Alcohol Concern said: "The new provision must be welcomed, as it will hopefully make some difference at the very extreme cheap end of the market favoured by street drinkers and the young.