Ib Economics Exam Review Foundations Of Economics

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Tags: Economics

For any curious student or adult!

Last updated 2022-01-10 | 4

- Learn the basic foundations of economics as a science.

What you'll learn

Learn the basic foundations of economics as a science.

* Requirements

* You will need a PC
* tablet or smartphone to view this course and work through it.

Description

Ever wondered what Economics is all about? Maybe you're considering taking it as an elective at college or high school and have no idea what it's about? Maybe you're just a curious adult who wants to find out more? Well this course is for you! There will be more lectures added as the number of students grows, as well as hosted discussions and opportunities to request lessons on other concepts not covered yet!

Who this course is for:

  • Anyone interested in learning the foundations of economics as a course.
  • Freshmen Economics Students, Curious Adult, High School Economics Students

Course content

8 sections • 9 lectures

What is Economics? 1 lectures

So, what is Economics? Preview 03:55

Scarcity, choice, and opportunity cost. 1 lectures

Scarcity, choice, and opportunity cost. Preview 02:19

The three basic economic questions. 1 lectures

The three basic economic questions. Preview 03:11

Types of economic systems. 1 lectures

Types of economic systems. Preview 06:15

The factors of production. 1 lectures

The factors of production. Preview 03:54

The Production Possibilities Curve (PPC) 1 lectures

The PPC model. Preview 06:11

The Circular Flow of Income Model 2 lectures

Circular flow of income in a simple and closed economy. Preview 03:47

Circular flow of income in a complex and open economy. Preview 04:26

End-of-course Assessment 1 lectures

End-of-unit reflection question

This is a short essay-writing exercise where you will reflect on what you've learned.