The IB Economics HL Formula Booklet Repack
The Ultimate IB Economics HL Formula Booklet Repack: Everything You Need for Exam Success
Occurs where price equals marginal cost (
Common Algebraic Tools
Terms of Trade=Index of Average Export PricesIndex of Average Import Prices×100Terms of Trade equals the fraction with numerator Index of Average Export Prices and denominator Index of Average Import Prices end-fraction cross 100
Area below the demand curve and above the price line (
Qs,tax=c+d(P−t)cap Q sub s comma tax end-sub equals c plus d open paren cap P minus t close paren ib economics hl formula booklet repack
Measures responsiveness of quantity demanded to a change in price.
: Tax on consumers shifts demand left: ( QD = a - b(P + t) ).
This "repack" is an invaluable resource for HL students for several key reasons: The IB Economics HL Formula Booklet Repack The
PED=%ΔQd%ΔPPED equals the fraction with numerator % cap delta cap Q sub d and denominator % cap delta cap P end-fraction
SL students have a lighter quantitative load. Your primary focus should be the core elasticity formulas (PED, YED, PES), and the basic macroeconomic calculations for GDP and inflation. You can safely ignore HL-only content.
TCQthe fraction with numerator TC and denominator cap Q end-fraction Your primary focus should be the core elasticity
But it does tell you:
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Category
Grade
Points
Strenuousness
Vertical Gain
25
Time ascending
0
Technicality
Altitude
0
Hazards
Navigation
Totals
25/100
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