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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 4.6 Balance of Payments 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 4.6 Balance of Payments. 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.

4.6.1 Balance of Payments

4.6.2 Components of the Balance of Payments

4.6.3 Interdependence Between the Accounts

4.6.4 Relationship Between the Current Account and the Exchange Rate (HL Only)

4.6.5 Relationship Between the Financial Account and the Exchange Rate (HL Only)

4.6.6 Implications of a Persistent Current Account Deficit (HL Only)

4.6.7 Methods to Correct a Persistent Current Account Deficit (HL Only)

4.6.8 The Marshall-Lerner Condition and the J-Curve Effect (HL Only)

4.6.9 Implications of a Persistent Current Account Surplus (HL Only)

1. Introduction to Economics

2. Microeconomics

3. Macroeconomics

4. The Global Economy

1. Introduction to Economics

2. Microeconomics

3. Macroeconomics

4. The Global Economy

IB Economics 4.6 Balance of Payments Lessons

IB Economics 4.6 Balance of Payments Lessons

Lessons for 4.6 Balance of Payments - IB