IB Economics HL Paper 3 Quantitative Methods: Revision


Learn everything required for success in paper three exams for Economics. Students develop knowledge of key concepts surrounding quantitative methods including, tax and exchange rates, revenues, inflation rates and national income.

Created By

Kimberley C

16-18
Economics

12 HOURS

16 LESSONS

IB Economics HL Paper 3 Quantitative Methods: Revision

academic-development

Course Overview



This course is designed for IB HL Economics students who wish to learn what to expect in their paper three exams. This course will introduce paper three and its requirements and go through each topic and style of question in a methodological way. In each lesson, we will revise the key syllabus points using diagrams, formulae and consider past paper questions. This is a good course for students to take as they study the IB Economics Course or as a revision tool. By the end of this course, students will have developed their knowledge of key concepts surrounding quantitative methods including, tax and exchange rates, revenues, inflation rates and national income. 

Course Content



16 LESSONS

12 HOURS Total Length

Lesson 1

Linear Demand and Supply Functions, Equilibrium

45 minutes

Lesson 2

Elasticities

45 minutes

Lesson 3

Specific Taxes and Subsidies

45 minutes

Lesson 4

Price Ceilings and Price Floors

45 minutes

Lesson 5

Calculating Costs, Revenues, Profits and Levels of Output

45 minutes

Lesson 6

Calculating National Income, GNP and GNI

45 minutes

Lesson 7

Calculating the Multiplier and Applications

45 minutes

Lesson 8

Calculating the Unemployment Rate and Economic Growth

45 minutes

Lesson 9

Calculating Weighted Indices and Inflation Rate

45 minutes

Lesson 10

Tax Rates

45 minutes

Lesson 11

Comparative Advantage

45 minutes

Lesson 12

Tariffs, Quotas and Subsidies

45 minutes

Lesson 13

Exchange Rates

45 minutes

Lesson 14

Balance of Payments

45 minutes

Lesson 15

Terms of Trade

45 minutes

Lesson 16

Summary of Paper III Requirements

45 minutes

Key Skills


Elasticity

Critical Thinking

Economic Equations

Diagrams

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.