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1.1 What Is Economics?

1.2 How Do Economists Approach the World?

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)

3.1 Measuring Economic Activities

3.2 Variations in Economic Activity - Aggregate Demand and Aggregate Supply

3.3 Macroeconomic Objectives

3.4 Economics of Inequality and Poverty

3.5 Demand Management - Monetary Policy

3.6 Demand Management - Fiscal Policy

3.7 Supply Side Policies

4.1 Benefits of International Trade

4.2 Types of Trade Protection

4.3 Arguments For and Against Trade Protection

4.4 Economic Integration

4.5 Exchange Rates

4.6 Balance of Payments

4.7 Sustainable Development

4.8 Measuring Development

4.9 Barriers to Economic Growth and Economic Development

4.10 Economic Growth and Economic Development Strategies

IB Economics 2.3 Competitive Market Equilibrium Lessons

Written by IB Experts

This lesson delivers structured, step-by-step lessons that guide students through every part of the IB Economics syllabus for 2.3 Competitive Market Equilibrium. These lessons simplify complex ideas like market failures, game theory, and behavioral economics, while worked examples show how to approach IB-style questions.

Designed for both HL and SL learners, RevisionDojo lessons ensure students not only understand the theory but also know how to apply it in IB Paper exam situations.

With clear explanations, active learning checks, and a syllabus-first design, RevisionDojo makes revision less overwhelming and more effective.

2.3.1 Demand and Supply Curves Forming a Market Equilibrium

2.3.2 Shifting Demand and Supply Curves to Produce a New Market Equilibrium

2.3.3 Functions of the Price Mechanism

2.3.4 Consumer and Producer Surplus (HL)

2.3.5 Social/Community Surplus

2.3.6 Allocative Efficiency at the Competitive Market Equilibrium

IB Economics 2.3 Competitive Market Equilibrium Lessons

1. Introduction to Economics

2. Microeconomics

3. Macroeconomics

4. The Global Economy

IB Economics 2.3 Competitive Market Equilibrium Lessons

1. Introduction to Economics

2. Microeconomics

3. Macroeconomics

4. The Global Economy

Lessons for 2.3 Competitive Market Equilibrium - IB

IB Economics 2.3 Competitive Market Equilibrium Lessons