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2. Microeconomics

IB Economics 2. Microeconomics Videos

Videos for 2. Microeconomics - IB

Written by official IB examiners

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

2.2.2 The Supply Curve video thumbnail

2.2.2 The Supply Curve

2.2 Supply

2.2.3 Individual producer’s supply and market supply video thumbnail

2.2.3 Individual producer’s supply and market supply

2.2 Supply

2.2.4 Non-price Determinants of Supply video thumbnail

2.2.4 Non-price Determinants of Supply

2.2 Supply

2.2.5 Movements along and shifts of the supply curve video thumbnail

2.2.5 Movements along and shifts of the supply curve

2.2 Supply

2.5 Elasticities of Demand

2.5.1 Concept of elasticity video thumbnail

2.5.1 Concept of elasticity

2.5 Elasticities of Demand

2.5.2 Price elasticity of demand (PED) video thumbnail

2.5.2 Price elasticity of demand (PED)

2.5 Elasticities of Demand

2.5.2 Price elasticity of demand (PED) (Part 2) video thumbnail

2.5.2 Price elasticity of demand (PED) (Part 2)

2.5 Elasticities of Demand

2.5.2 Price elasticity of demand (PED) (Part 3) video thumbnail

2.5.2 Price elasticity of demand (PED) (Part 3)

2.5 Elasticities of Demand

2.5.3 Importance of PED for firms and government decision making video thumbnail

2.5.3 Importance of PED for firms and government decision making

2.5 Elasticities of Demand

2.5.4 Why PED for primary commodities is generally lower than manufactured products (HL only) video thumbnail

2.5.4 Why PED for primary commodities is generally lower than manufactured products (HL only)

2.5 Elasticities of Demand

2.5.5 Income elasticity of demand (YED) video thumbnail

2.5.5 Income elasticity of demand (YED)

2.5 Elasticities of Demand

2.5.6 Importance of YED (HL only) video thumbnail

2.5.6 Importance of YED (HL only)

2.5 Elasticities of Demand

2.6 Elasticity of Supply

2.6.1 Price elasticity of supply (PES) video thumbnail

2.6.1 Price elasticity of supply (PES)

2.6 Elasticity of Supply

2.6.1 Price elasticity of supply (PES) (Part 2) video thumbnail

2.6.1 Price elasticity of supply (PES) (Part 2)

2.6 Elasticity of Supply

2.6.2 Why PES for primary commodities is lower than for manufactured products (HL only) video thumbnail

2.6.2 Why PES for primary commodities is lower than for manufactured products (HL only)

2.6 Elasticity of Supply

2.7 Role of Government in Microeconomics

2.7.1 Reasons for government intervention in markets video thumbnail

2.7.1 Reasons for government intervention in markets

2.7 Role of Government in Microeconomics

2.7.2 Main forms of government intervention in markets video thumbnail

2.7.2 Main forms of government intervention in markets

2.7 Role of Government in Microeconomics

2.7.2 Main forms of government intervention in markets (Part 2) video thumbnail

2.7.2 Main forms of government intervention in markets (Part 2)

2.7 Role of Government in Microeconomics

2.7.2 Main forms of government intervention in markets (Part 3) video thumbnail

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

2.9.1 Public goods video thumbnail

2.9.1 Public goods

2.9 Market Failure - Public Goods

2.9.2 Government intervention in response to public goods video thumbnail

2.9.2 Government intervention in response to public goods

2.9 Market Failure - Public Goods

2.10 Market Failure - Asymmetric Information (HL Only)

2.10.1 Asymmetric information video thumbnail

2.10.1 Asymmetric information

2.10 Market Failure - Asymmetric Information (HL Only)

2.10.2 Responses to asymmetric information video thumbnail

2.10.2 Responses to asymmetric information

2.10 Market Failure - Asymmetric Information (HL Only)

2.11 Market Failure - Market Power (HL Only)

2.11.1 Perfect competition video thumbnail

2.11.1 Perfect competition

2.11 Market Failure - Market Power (HL Only)

2.11.1 Perfect competition (Part 2) video thumbnail

2.11.1 Perfect competition (Part 2)

2.11 Market Failure - Market Power (HL Only)

2.11.1 Perfect competition (Part 3) video thumbnail

2.11.1 Perfect competition (Part 3)

2.11 Market Failure - Market Power (HL Only)

2.11.2 Monopoly - single or dominant firm, high barriers to entry, no close substitutes video thumbnail

2.11.2 Monopoly - single or dominant firm, high barriers to entry, no close substitutes

2.11 Market Failure - Market Power (HL Only)

2.11.4 Rational producer behaviour video thumbnail

2.11.4 Rational producer behaviour

2.11 Market Failure - Market Power (HL Only)

2.11.4 Rational producer behaviour (Part 2) video thumbnail

2.11.4 Rational producer behaviour (Part 2)

2.11 Market Failure - Market Power (HL Only)

2.11.4 Rational producer behaviour (Part 3) video thumbnail

2.11.4 Rational producer behaviour (Part 3)

2.11 Market Failure - Market Power (HL Only)

2.11.4 Rational producer behaviour (Part 4) video thumbnail

2.11.4 Rational producer behaviour (Part 4)

2.11 Market Failure - Market Power (HL Only)

2.11.4 Rational producer behaviour (Part 5) video thumbnail

2.11.4 Rational producer behaviour (Part 5)

2.11 Market Failure - Market Power (HL Only)

2.11.5 Degrees of market power video thumbnail

2.11.5 Degrees of market power

2.11 Market Failure - Market Power (HL Only)

2.11.6 Monopoly video thumbnail

2.11.6 Monopoly

2.11 Market Failure - Market Power (HL Only)

2.11.6 Monopoly (Part 2) video thumbnail

2.11.6 Monopoly (Part 2)

2.11 Market Failure - Market Power (HL Only)

2.11.6 Monopoly (Part 3) video thumbnail

2.11.6 Monopoly (Part 3)

2.11 Market Failure - Market Power (HL Only)

2.11.7 Oligopoly video thumbnail

2.11.7 Oligopoly

2.11 Market Failure - Market Power (HL Only)

2.11.7 Oligopoly (Part 2) video thumbnail

2.11.7 Oligopoly (Part 2)

2.11 Market Failure - Market Power (HL Only)

2.11.7 Oligopoly (Part 3) video thumbnail

2.11.7 Oligopoly (Part 3)

2.11 Market Failure - Market Power (HL Only)

2.11.7 Oligopoly (Part 4) video thumbnail

2.11.7 Oligopoly (Part 4)

2.11 Market Failure - Market Power (HL Only)

2.11.7 Oligopoly (Part 5) video thumbnail

2.11.7 Oligopoly (Part 5)

2.11 Market Failure - Market Power (HL Only)

2.11.7 Oligopoly (Part 6) video thumbnail

2.11.7 Oligopoly (Part 6)

2.11 Market Failure - Market Power (HL Only)

2.11.8 Monopolistic competition video thumbnail

2.11.8 Monopolistic competition

2.11 Market Failure - Market Power (HL Only)

2.11.8 Monopolistic competition (Part 2) video thumbnail

2.11.8 Monopolistic competition (Part 2)

2.11 Market Failure - Market Power (HL Only)

2.11.8 Monopolistic competition (Part 3) video thumbnail

2.11.8 Monopolistic competition (Part 3)

2.11 Market Failure - Market Power (HL Only)

2.11.10 Risks in markets dominated by one or a few very large firms video thumbnail

2.11.10 Risks in markets dominated by one or a few very large firms

2.11 Market Failure - Market Power (HL Only)

2.11.11 Government intervention in response to abuse of significant market power video thumbnail

2.11.11 Government intervention in response to abuse of significant market power

2.11 Market Failure - Market Power (HL Only)

2.1 Demand

2.1.1 The law of demand video thumbnail

2.1.1 The law of demand

2.1 Demand

2.1.2 Demand curve video thumbnail

2.1.2 Demand curve

2.1 Demand

2.1.3 Consumer and market demand video thumbnail

2.1.3 Consumer and market demand

2.1 Demand

2.1.4 Non-price determinants of demand video thumbnail

2.1.4 Non-price determinants of demand

2.1 Demand

2.1.5 Movements and shifts of the demand curve video thumbnail

2.1.5 Movements and shifts of the demand curve

2.1 Demand

2.3 Competitive Market Equilibrium

2.3.1 Demand and supply curves forming a market equilibrium video thumbnail

2.3.1 Demand and supply curves forming a market equilibrium

2.3 Competitive Market Equilibrium

2.3.2 Shifting demand and supply curves to produce a new market equilibrium video thumbnail

2.3.2 Shifting demand and supply curves to produce a new market equilibrium

2.3 Competitive Market Equilibrium

2.3.3 Functions of the price mechanism video thumbnail

2.3.3 Functions of the price mechanism

2.3 Competitive Market Equilibrium

2.3.4 Consumer and producer surplus video thumbnail

2.3.4 Consumer and producer surplus

2.3 Competitive Market Equilibrium

2.3.6 Allocative efficiency at the competitive market equilibrium video thumbnail

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)

2.4.1 Rational consumer choice (HL only) video thumbnail

2.4.1 Rational consumer choice (HL only)

2.4 Critique of the Maximizing Behaviour of Consumers and Producers (HL Only)

2.4.2 Behavioural economics in action (HL only) video thumbnail

2.4.2 Behavioural economics in action (HL only)

2.4 Critique of the Maximizing Behaviour of Consumers and Producers (HL Only)

2.4.3 Business objectives (HL only) video thumbnail

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

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). video thumbnail

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC).

2.8 Market Failure - Externalities, Common Pool Resources, Public Goods, Asymmetric Information

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 2) video thumbnail

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

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 3) video thumbnail

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

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 4) video thumbnail

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

2.8.1 Marginal social benefit (MSB) equals marginal social cost (MSC). (Part 5) video thumbnail

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

2.8.2 Government intervention in response to externalities and common pool resources video thumbnail

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

2.8.2 Government intervention in response to externalities and common pool resources (Part 2) video thumbnail

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

2.8.2 Government intervention in response to externalities and common pool resources (Part 3) video thumbnail

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

2.8.4 Importance of international cooperation video thumbnail

2.8.4 Importance of international cooperation

2.8 Market Failure - Externalities, Common Pool Resources, Public Goods, Asymmetric Information

2.12 The Market’s Inability to Achieve Equity (HL Only)

2.12.1 The market’s inability to achieve equity video thumbnail

2.12.1 The market’s inability to achieve equity

2.12 The Market’s Inability to Achieve Equity (HL Only)

2.1 Demand

2.2 Supply

2.3 Competitive Market Equilibrium

2.4 Critique of the Maximizing Behaviour of Consumers and Producers (HL Only)

2.5 Elasticities of Demand

2.6 Elasticity of Supply

2.7 Role of Government in Microeconomics

2.8 Market Failure - Externalities, Common Pool Resources, Public Goods, Asymmetric Information

2.9 Market Failure - Public Goods

2.10 Market Failure - Asymmetric Information (HL Only)

2.11 Market Failure - Market Power (HL Only)

2.12 The Market’s Inability to Achieve Equity (HL Only)