IB Economics 2.10 Market Failure - Asymmetric Information Flashcards

These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 2.10 Market Failure - Asymmetric Information (HL Only) and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade.

Students can test themselves anytime, anywhere, perfect for reinforcing tricky concepts, learning IB terminology, and committing formulas to memory.

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2.10.1 Asymmetric Information

15 flashcards

2.10.2 Responses to Asymmetric Information

15 flashcards

1. Introduction to Economics2 subtopics

2. Microeconomics12 subtopics

2.1 Demand5 subtopics

2.2 Supply5 subtopics

2.3 Competitive Market Equilibrium6 subtopics

2.4 Critique of the Maximizing Behaviour of Consumers and Producers (HL Only)3 subtopics

2.5 Elasticities of Demand6 subtopics

2.6 Elasticity of Supply2 subtopics

2.7 Role of Government in Microeconomics 2 subtopics

2.8 Market Failure - Externalities, Common Pool Resources, Public Goods, Asymmetric Information4 subtopics

2.9 Market Failure - Public Goods2 subtopics

2.10 Market Failure - Asymmetric Information (HL Only)2 subtopics

2.11 Market Failure - Market Power (HL Only)11 subtopics

2.12 The Market’s Inability to Achieve Equity (HL Only)1 subtopic

3. Macroeconomics7 subtopics

4. The Global Economy10 subtopics