Videos for 2. Microeconomics - IB
These comprehensive video lessons help IB Economics students Standard Level (SL) and Higher Level (HL) understand and master the essential concepts needed for success in IB Exams. Each video focuses on 2. Microeconomics and is aligned with the IB Economics syllabus, ensuring focused learning on microeconomics, macroeconomics, and international trade. Students can watch and rewatch anytime, anywhere, perfect for visual learners, reinforcing complex concepts, and understanding IB methodology. By using RevisionDojo's video lessons consistently, learners build deep understanding and enter the exam with confidence.
2.2 Supply
2.5 Elasticities of demand
2 min
2.5.1 Concept of elasticity
2.5 Elasticities of demand
2 min
2.5.2 Price elasticity of demand (PED)
2.5 Elasticities of demand
1 min
2.5.2 Price elasticity of demand (PED) (Part 2)
2.5 Elasticities of demand
3 min
2.5.2 Price elasticity of demand (PED) (Part 3)
2.5 Elasticities of demand
2 min
2.5.3 Importance of PED for firms and government decision making
2.5 Elasticities of demand
3 min
2.5.4 Why PED for primary commodities is generally lower than manufactured products (HL only)
2.5 Elasticities of demand
4 min
2.5.5 Income elasticity of demand (YED)
2.5 Elasticities of demand
3 min
2.5.6 Importance of YED (HL only)
2.5 Elasticities of demand
2.6 Elasticity of supply
2.7 Role of government in microeconomics
3 min
2.7.1 Reasons for government intervention in markets
2.7 Role of government in microeconomics
8 min
2.7.2 Main forms of government intervention in markets
2.7 Role of government in microeconomics
10 min
2.7.2 Main forms of government intervention in markets (Part 2)
2.7 Role of government in microeconomics
3 min
2.7.2 Main forms of government intervention in markets (Part 3)
2.7 Role of government in microeconomics
2.9 Market failure - public goods
2.10 Market Failure - asymmetric information (HL only)
2.11 Market failure - market power (HL only)
3 min
2.11.1 Perfect competition
2.11 Market failure - market power (HL only)
3 min
2.11.1 Perfect competition (Part 2)
2.11 Market failure - market power (HL only)
7 min
2.11.1 Perfect competition (Part 3)
2.11 Market failure - market power (HL only)
7 min
2.11.1 Perfect competition (Part 4)
2.11 Market failure - market power (HL only)
2 min
2.11.2 Monopoly - single or dominant firm, high barriers to entry, no close substitutes
2.11 Market failure - market power (HL only)
11 min
2.11.4 Rational producer behaviour
2.11 Market failure - market power (HL only)
6 min
2.11.4 Rational producer behaviour (Part 2)
2.11 Market failure - market power (HL only)
4 min
2.11.4 Rational producer behaviour (Part 3)
2.11 Market failure - market power (HL only)
4 min
2.11.4 Rational producer behaviour (Part 4)
2.11 Market failure - market power (HL only)
7 min
2.11.4 Rational producer behaviour (Part 5)
2.11 Market failure - market power (HL only)
3 min
2.11.5 Degrees of market power
2.11 Market failure - market power (HL only)
7 min
2.11.6 Monopoly
2.11 Market failure - market power (HL only)
1 min
2.11.6 Monopoly (Part 2)
2.11 Market failure - market power (HL only)
6 min
2.11.6 Monopoly (Part 3)
2.11 Market failure - market power (HL only)
2 min
2.11.7 Oligopoly
2.11 Market failure - market power (HL only)
3 min
2.11.7 Oligopoly (Part 2)
2.11 Market failure - market power (HL only)
6 min
2.11.7 Oligopoly (Part 3)
2.11 Market failure - market power (HL only)
6 min
2.11.7 Oligopoly (Part 4)
2.11 Market failure - market power (HL only)
2 min
2.11.7 Oligopoly (Part 5)
2.11 Market failure - market power (HL only)
1 min
2.11.7 Oligopoly (Part 6)
2.11 Market failure - market power (HL only)
2 min
2.11.8 Monopolistic competition
2.11 Market failure - market power (HL only)
1 min
2.11.8 Monopolistic competition (Part 2)
2.11 Market failure - market power (HL only)
7 min
2.11.8 Monopolistic competition (Part 3)
2.11 Market failure - market power (HL only)
3 min
2.11.10 Risks in markets dominated by one or a few very large firms
2.11 Market failure - market power (HL only)
3 min
2.11.11 Government intervention in response to abuse of significant market power
2.11 Market failure - market power (HL only)
2.1 Demand
2.3 Competitive Market Equilibrium
1 min
2.3.1 Demand and supply curves forming a market equilibrium
2.3 Competitive Market Equilibrium
2 min
2.3.2 Shifting demand and supply curves to produce a new market equilibrium
2.3 Competitive Market Equilibrium
3 min
2.3.3 Functions of the price mechanism
2.3 Competitive Market Equilibrium
3 min
2.3.4 Consumer and producer surplus
2.3 Competitive Market Equilibrium
1 min
2.3.6 Allocative efficiency at the competitive market equilibrium
2.3 Competitive Market Equilibrium
2.4 Critique of the maximizing behaviour of consumers and producers (HL only)
7 min
2.4.1 Rational consumer choice (HL only)
2.4 Critique of the maximizing behaviour of consumers and producers (HL only)
5 min
2.4.2 Behavioural economics in action (HL only)
2.4 Critique of the maximizing behaviour of consumers and producers (HL only)
3 min
2.4.3 Business objectives (HL only)
2.4 Critique of the maximizing behaviour of consumers and producers (HL only)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
6 min
2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC).
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
5 min
2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 2)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
6 min
2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 3)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
9 min
2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 4)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
4 min
2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 5)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
6 min
2.8.2 Government intervention in response to externalities and common pool resources
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
3 min
2.8.2 Government intervention in response to externalities and common pool resources (Part 2)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
2 min
2.8.2 Government intervention in response to externalities and common pool resources (Part 3)
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information
4 min
2.8.4 Importance of international cooperation
2.8 Market failure - externalities, common pool resources, public goods, asymmetric information