Ib Economics Hl Formula Booklet Repack -
Unit 1: Microeconomics (Theory of the Firm & Elasticities)
A typical "repack" organizes formulas by the core units of the IB Economics syllabus: Elasticities : PED :
- GDP (expenditure) Y = C + I + G + (X − M)
- GDP (income) Y = W + R + i + π + indirect taxes + depreciation (useful for conceptual link).
CPI & Inflation Rate
2. The Midpoint Formula (The "Arc Method")