Paper 1
Week 1
Microeconomics(Elasticity)- Timed conditions in Class
Higher Level
Macroeconomics- ADAS
Higher Level
Week 2
Week 1
Microeconomics(Elasticity)- Timed conditions in Class
Higher Level
- Explain how the incidence of an indirect tax depends on the price elasticity of demand and the price elasticity of supply. (10) (May 2016 TZ1 HL)
- To what extent might the problems of negative externalities of consumption be resolved by the use of indirect taxation? (15) (May 2013 TZ1 HL)
- Distinguish between the concepts of income elasticity of demand (YED) and cross price elasticity of demand (XED). (10) (May 2014 TZ2 SL)
- To what extent might the concepts of YED and XED be of significance for business organizations? (15) (May 2014 TZ2 SL)
Macroeconomics- ADAS
Higher Level
- Using a diagram, describe how expansionary monetary policy might be used to close a deflationary (recessionary) gap. (10) (May 2013 TZ2 HL)
- Discuss why, in contrast to the monetarist/new classical model, an economy can remain stuck in a deflationary (recessionary) gap according to the Keynesian model. (15) (May 2013 TZ2 HL)
- Explain how an increase in interest rates might affect the level of aggregate demand in an economy. (10) (May 2016 TZ2 SL)
- Evaluate the effectiveness of fiscal policy in promoting economic activity during a recession. (15) (May 2016 TZ1 HL)
Week 2