For IB Economics Higher Level (HL) students, the subject is far more than just writing essays on market failures or drawing AD/AS diagrams. A significant portion of the syllabus—and the exam—requires precise quantitative analysis. The is your best friend in this endeavor, acting as a crucial resource during Paper 3, where quantitative skills are tested rigorously.
| Topic | Formula | Variable Key | | :--- | :--- | :--- | | | $\frac% \Delta Q_d% \Delta P$ | $Q_d$: Quantity Demanded, $P$: Price | | XED | $\frac% \Delta Q_A% \Delta P_B$ | $A$ & $B$: Different goods | | YED | $\frac% \Delta Q% \Delta Y$ | $Y$: Income | | Multiplier | $k = \frac1MPW$ | $MPW$: Marginal Propensity to Withdraw | | ToT | $\fracP_xP_m \times 100$ | $P_x$: Export Price Index, $P_m$: Import Price Index | ib economics hl formula booklet
$$XED = \frac% \Delta Q_good A% \Delta P_good B$$ For IB Economics Higher Level (HL) students, the
Paper 3 is specifically calculation-heavy for HL students. To maximize the booklet's utility: IB Economics HL Formula Booklet | PDF - Scribd | Topic | Formula | Variable Key |
Always keep track of negative signs. In economics, a negative sign denotes direction (e.g., the inverse relationship between price and quantity demanded). Unit 2: Microeconomics
Real GDP=Nominal GDPGDP Deflator×100Real GDP equals the fraction with numerator Nominal GDP and denominator GDP Deflator end-fraction cross 100 Inflation and Unemployment