IB Economics 1.5 Microeconomics: Theory of the Firm (HL Only)
This course will recap the IB Economics Microeconomic Syllabus focusing on section 1.5 Theory of the Firm. Students will develop their knowledge of key economic concepts, including cost curves, monopoly, oligopoly and market structures.
This course is designed for students in their first year or second year of IB studying HL Economics. It is a recap of the IB Economics Microeconomic Syllabus focusing on section 1.5 Theory of the Firm. This is a good course for students to take while they are studying this content in the classroom to ensure they have learnt the key points or as a revision tool. In each lesson, we will revise the key syllabus points, diagrams and consider past paper questions. By the end of this course, students will develop their knowledge of key economic concepts, including cost curves, monopoly, oligopoly and market structures.
9 HOURS Total Length
Production and Costs
Revenues and Profit and Goals of Firms
Market Structures: Perfect Competition
Market Structures: Monopoly
Market Structures: Monopolistic Competition
Market Structures: Oligopoly
Summary of Market Structures
Science, Maths and Economics Educator
Alongside working towards her corporate finance exams, Kimberley teaches students in biology, physics, maths and economics to help them work toward their GCSEs and IB exams.