IB Economics HL Paper 3 Quantitative Methods: Revision

Linear Demand and Supply Functions, Equilibrium

Elasticities

Specific Taxes and Subsidies

Price Ceilings and Price Floors

Calculating Costs, Revenues, Profits and Levels of Output

Calculating National Income, GNP and GNI

Calculating the Multiplier and Applications

Calculating the Unemployment Rate and Economic Growth

Calculating Weighted Indices and Inflation Rate

Tax Rates

Comparative Advantage

Tariffs, Quotas and Subsidies

Exchange Rates

Balance of Payments

Terms of Trade

Summary of Paper III Requirements