Macroeconomics

The purpose of this section is to provide students with the opportunity for a detailed examination of the major macroeconomic issues facing countries' economic growth, economic development, unemployment, inflation and income distribution.The economic strategies available to governments—demand-side policies, supply-side policies, direct intervention—are introduced and evaluated. These policies are applicable to almost all areas of macroeconomics, international economics and development economics.

Topics covered in IB Macroeconomics

• The level of overall economic activity (one topic HL extension)
• Aggregate demand and aggregate supply (one topic HL only)
• Macroeconomic objectives (some topics HL extension, plus one topic HL only)
• Fiscal policy
• Monetary policy
• Supply-side policies