Class notes – IB Economics SL and HL (sections 1-3)


IB Economics SL and HL class notes – sections 1, 2, and 3

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This is a complete set of notes for the IB Economics SL and HL classes. The 300 page set includes detailed notes (with plenty of graphs!) on the following topics:

Section 1 Microeconomics:

  1. Introduction to Economics
  2. Competitive markets, demand and supply
  3. Elasticities
  4. Government intervention in markets
  5. Market failure
  6. Costs of production
  7. Perfect competition
  8. Monopoly
  9. Monopolistic competition and oligopoly
  10. Glossary of AP Microeconomics terms

IB Econ – Micro class notes – Sample chapter

Section 2 Macroeconomics

  1. Basic economic concepts
  2. The measurement of economic performance
  3. Aggregate Demand and Aggregate Supply
  4. The macroeconomic objective (inflation, unemployment and economic growth)
  5. Fiscal policy
  6. Monetary policy and supply-side policies
  7. Glossary of terms from AP Macroeconomics

Section 3 International Economics

  1. Free trade and protectionism
  2. Exchange rates
  3. Balance of payments

IB Econ – Macro and International class notes – Sample chapter

The notes come in .pdf form and serve as a good complement to the videos on this site. Once you’ve ordered your notes you are free to download them and use them as you like.


If you have classmates who are interested in these notes, please refer them to this site. If you can get five of your classmates to buy the notes, you will receive one 30-minute tutor session with Mr. Welker for free! Email me at if you’re interested in this offer.

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