IB ECONOMICS

ALL Paper 2 Part (a) questions (May 2005 – Nov 2018; HL & SL)

Specimen Paper SL
opportunity cost

negative externalities

inflation

depreciation

unemployment rate

current account deficit

tariffs

import-substitution

Specimen Paper HL
minimum price scheme

non-price competition

opportunity cost

negative externalities

current account surplus

fiscal policy

devaluation

inflation

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2005 HL
economic development

indebtedness

current account deficit

subsidy

economic growth

regressive taxes

GDP

aggregate demand

May 2005 SL
demand

oligopoly

real GDP

unemployment rate

economic growth

currency appreciation

floating the exchange

rate

official aid

Compiled by Constantine H. Ziogas The IB @901 March 2019

November 2005 SL
economic development

Gross Domestic
Product

maximum price

cross elasticity of
demand

unemployment rate

current account

monopolistic
competition

recession

November 2005 HL
maximum price

cross elasticity of
demand

current account

GDP per capita

Investment

Inflation

Recession

economies of scale

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2006 SL
market economy

supply-side policies

opportunity costs

Gross Domestic
Product

negative externalities

indirect taxation

economic growth

current account balance

May 2006 HL
price discrimination

multinational
corporations

unemployment rate

business/trade cycle

interest rates

exchange rate
appreciation

productively efficient

anti-dumping

Compiled by Constantine H. Ziogas The IB @901 March 2019

November 2006 SL
negative externalities

demand

monetary policy

consumption

economic growth

current account surplus

dumping

deteriorating terms of
trade

November 2006 HL
negative externalities

tradeable permits

GDP

current account deficit

managed exchange
rates

appreciation

dumping

deteriorating terms of
trade

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2007 HL
real output

trade cycle

negative externalities

resource allocation

real wages

recession

free trade

developing countries

May 2007 SL
centrally planned
economy

foreign direct
investment

price discrimination

income elasticity of
demand

Gini Coefficient

progressive tax

free trade area

subsidies

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 2007 HL
economic growth

sustainable
development

demand

opportunity cost

quotas

normal profit

inflation

supply-side policies.

Nov 2007 SL
economic growth

sustainable
development

demand

opportunity cost

monetary policy

depreciation

fiscal policy

unemployment rate.

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2008 HL
equilibrium price

allocative efficiency

structural
unemployment

average costs

nominal

inflationary gap

indirect taxation

crowding out

May 2008 SL
merit goods

negative externalities

inflation

foreign currency
reserves

inward-oriented
policies

infrastructure

currency appreciation

monetary policy

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 2008 HL
abnormal profits

product differentiation

current account deficit

multiplier

subsidies

income elasticity of
demand

economic growth

foreign direct
investment

Nov 2008 SL
indirect taxes

price elasticity of
demand

quotas

inflation

current account deficit

interest rates

subsidies

income elasticity of
demand

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2009 HL
infrastructure

cross-elasticity of
demand

market

normal profit

structural
unemployment

oligopoly

import substitution

real GDP

May 2009 SL
supply

unemployment

structural
unemployment

oligopoly

factors of production

aggregate demand

tariff

foreign direct
investment

Compiled by Constantine H. Ziogas The IB @901 March 2019

November 2009 HL
economies of scale

investment

consumption

unemployment rate

monetary policy

current account surplus

foreign direct
investment

WTO

November 2009 SL
market

fiscal policy

inflation

interest rates

consumption

unemployment rate

gross domestic product

NGOs

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2010 HL
collusive oligopoly

abnormal profits

indirect taxes

resources

exchange rate

foreign direct
investment

sustainable
development

free trade

May 2010 SL
opportunity cost

investment

foreign direct
investment

inflation

unemployment rate

Gross Domestic
Product

economic growth

interest rates

Compiled by Constantine H. Ziogas The IB @901 March 2019

November 2010 HL
demand

cartel

market

total revenue

depreciation

consumption

dumping

tariff

November 2010 SL
indirect tax

investment

economic growth

sustainable
development

entrepreneurship

monetary policy

quotas

current account surplus

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2011 HL
Demand

subsidies

underemployment

rationing

current account

fiscal policy

exchange rate

interest rates

May 2011 SL
inflation

transfer payments

deflation

savings

terms of trade

current account

quotas

demand

Compiled by Constantine H. Ziogas The IB @901 March 2019

November 2011 HL
demerit good

regressive taxes

free market economy

monopoly

capital flight

appreciation

free trade

sustainable
development

November 2011 SL
economic growth

exchange rate

negative externalities

indirect taxes

economic development

subsidies

unemployment rate

inflation

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2012 HL
minimum price

free market

negative externalities

structural
unemployment

indirect tax

inflation

informal market

exchange rate

May 2012 SL
minimum price

free market

appreciation

unemployment

recession

budget deficits

protectionism

exchange rate

Compiled by Constantine H. Ziogas The IB @901 March 2019

November 2012 HL
indirect tax

price inelastic

cartel

price ceiling

multiplier

crowding out

deflation

depreciation

November 2012 SL
indirect tax

price inelastic demand

informal market

inflation

current account surplus

fiscal policy

dumping

recession

Compiled by Constantine H. Ziogas The IB @901 March 2019

New Syllabus Specimen Paper HL
current account deficit

economic growth

recession

WTO: 1 function

MDG: List 1

absolute poverty

List 2 reasons why

MNCs would invest in
LDCs

terms of trade

Compiled by Constantine H. Ziogas The IB @901 March 2019

New Syllabus Specimen Paper SL
appreciation

inflation

restrictions on free
trade

WTO: list 1 function

MDG: list 1

foreign direct
investment

List 2 reasons why

MNCs would invest in
LDCs

multinational
corporations

May 2013 Paper HL

appreciation

exchange rate

preferential trade
agreement

List 2 types of trade

protection

micro-credit

poverty trap

infrastructure

List 2 forms of
development aid

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2013 Paper SL
appreciation

interest rate

inflation

List 3 components of
the current account of
the BOP

allocation of resources

infrastructure

investment

List 2 forms of
development aid

Nov 2013 Paper HL

recession

current account

business confidence

deflation

diversification

economic growth

economic growth

State why GNI per

capital can be higher
than GDP per capita

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 2013 Paper SL
appreciation

free trade area

List 2 administrative
barriers

tariff

foreign direct
investment

diversification

economic growth

State why GNI per

capita can be higher
than GDP per capita

May 2014 Paper HL

inflationary gap

financial account

investment

comparative advantage

GDP

main function of IMF

inflation

privatization

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2014 Paper SL
FDI

Central Bank: 2
functions

currency appreciation

subsidy

relative poverty

HDI: 2 components

MDGs: list 2

economic growth

Nov 2014 Paper HL

FDI

exchange rate

quota

List 2 reasons to protect

subsidies

negative externalities

infrastructure

MDGs: list 2

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 2014 Paper SL
exchange rate

FDI

quota

List 2 reasons for

protection

infrastructure

Describe HDI trend

from data

economic development

inflation

May 2015 Paper HL

customs union

direct taxes

interest rate

tariff

bilateral trade
agreement

infrastructure

inflation

appreciation

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2015 Paper SL
customs union

direct taxes

exchange rate

current account deficit

entrepreneurship

GDP

GNI

HDI: List 2
components

Nov 2015 Paper HL

financial account: 2
components

consumption

fixed exchange rate

economic growth

MDGs: list 2

sustainability

investment

price floor

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 2015 Paper SL
WTO: List 2 functions

dumping

fixed exchange rate

economic growth

informal sector

GDP

concessional long-term
loans

absolute poverty

May 2016 Paper HL

Two responsibilities of
Central Bank

Consumption

MNCs

Monetary policy

Fiscal Policy

Infrastructure

ODA

Customs union

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2016 Paper SL
Dumping

2 functions of WTO

Monetary union

Inflation

Fiscal policy

Infrastructure

2 MDGs

Economic growth

Nov 2016 Paper HL

Subsidies

Variable costs

Interest rates

Normal profit

Market oriented
policies

GDP per capita

Budget deficit

Economic development

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 2016 Paper SL
Depreciation

Monetary policy

Interest rates

Inflation

Infant industries

Complementary goods

Budget deficit

Economic development

May 2017 HL
Tariff

Economic growth

Current account deficit

GNI

Infrastructure

Micro-credit

FDI

Marginal cost

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 2017 SL
Tariff

Economic growth

Depreciation

Current account

Infrastructure

Customs union

2 characteristics of an
ELDC

Privatization

Nov 17 HL
Monetary union

2 functions of a CB

Comparative advantage

Subsidies

MNCs

Multiplier formula

Interest rate

Gini coefficient

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 17 SL

Fiscal policy

Infrastructure

ODA

Customs union

Investment

MNCs

2 components of HDI

Economic growth

May 18 HL
Exchange rate

Subsidy

Depreciation

FDI

Relative poverty

Underemployment

Recession

Cartels

Compiled by Constantine H. Ziogas The IB @901 March 2019

May 18 SL
Disinflation

MNCs

2 functions of WTO

FDI

Relative poverty

Underemployment

Current account deficit

Inflation

Nov 18 HL
Monetary union

Comparative advantage

Inflation

Devaluation

Poverty trap

Total revenue

Infrastructure

Sustainability

Compiled by Constantine H. Ziogas The IB @901 March 2019

Nov 18 SL
Depreciation

Current account

Inflation

Devaluation

Entrepreneurship

Economic growth

2 components of HDI

Monetary policy

Compiled by Constantine H. Ziogas The IB @901 March 2019