IB Economics SL
Key Understandings
In the IB Economics SL (Standard Level) Key Understandings section, you will find summary videos that will help you review the most important concepts and skills necessary for success. They are ideal for a quick refresher before tackling questions in the Revision Village Questionbank or Practice Exams sections of the website.
Introduction to Economics
5 mins
The Development of Economic Thought
10 mins
Topic 1
Introduction to Economics
Introduction to Economics
5 mins
The Development of Economic Thought
10 mins
The Price Mechanism
5 mins
Price Elasticity of Demand (PED)
5 mins
Income Elasticity of Demand (YED)
5 mins
Price Elasticity of Supply (PES)
3 mins
Government Intervention and Market Failure
6 mins
Analyzing Market Failure
8 mins
Topic 2
Microeconomics
The Price Mechanism
5 mins
Price Elasticity of Demand (PED)
5 mins
Income Elasticity of Demand (YED)
5 mins
Price Elasticity of Supply (PES)
3 mins
Government Intervention and Market Failure
6 mins
Analyzing Market Failure
8 mins
Economic Output, AD & AS
7 mins
Macro Objectives
8 mins
Demand-Side and Supply-Side Policies
7 mins
Topic 3
Macroeconomics
Economic Output, AD & AS
7 mins
Macro Objectives
8 mins
Demand-Side and Supply-Side Policies
7 mins
Free Trade and Trade Protection
5 mins
Exchange Rates and Trade Flows
7 mins
Economic Growth vs. Economic Development
11 mins
Topic 4
The Global Economy
Free Trade and Trade Protection
5 mins
Exchange Rates and Trade Flows
7 mins
Economic Growth vs. Economic Development
11 mins
Thank you Revision Village Members
#1 IB Math Resource
Revision Village is ranked the #1 IB Math Resources by IB Students & Teachers.
34% Grade Increase
Revision Village students scored 34% greater than the IB Global Average in their exams (2021).
80% of IB Students
More and more IB students are using Revision Village to prepare for their IB Math Exams.