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.

Created By

Kimberley C

16-18
Economics

9 HOURS

9 LESSONS

IB Economics 1.5 Microeconomics: Theory of the Firm (HL Only)

academic-development

Course Overview



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.

Course Content



9 LESSONS

9 HOURS Total Length

Lesson 1

Production and Costs

60 minutes

Lesson 2

Cost Curves

60 minutes

Lesson 3

Revenues and Profit and Goals of Firms

60 minutes

Lesson 4

Market Structures: Perfect Competition

60 minutes

Lesson 5

Market Structures: Monopoly

60 minutes

Lesson 6

Market Structures: Monopolistic Competition

60 minutes

Lesson 7

Market Structures: Oligopoly

60 minutes

Lesson 8

Summary of Market Structures

60 minutes

Lesson 9

Price Discrimination

60 minutes

Key Skills


Economic Costs

Market Structure

Market Competition

Discrimination

Educator


Kimberley C

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.