Ib Economics Hl Formula Booklet Repack (2024)

HL Paper 3 is quantitative. A repack adds a row of "Common Mistakes" next to every formula.

These focus on consumer and firm behavior, including linear functions and elasticities. Linear Demand & Supply Functions is the intercept and is the slope. is the intercept and is the slope. Elasticities ib economics hl formula booklet repack

Area below the demand curve and above the market price. HL Paper 3 is quantitative

But it does tell you:

Balance of trade in goods, balance of trade in services, primary income, secondary income. Exchange Rate Calculations When calculating currency conversions: To find how much foreign currency you receive: balance of trade in services

One of the most powerful concepts in the HL macroeconomics syllabus is the multiplier effect: