Unit 2: Microeconomics

Unit 2 IBEconomics connection to concepts

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Unit 2: Microeconomics により Mind Map: Unit 2: Microeconomics

1. Equilibrium

1.1. Role of government

1.1.1. Scarcity

1.1.2. Choice

1.1.3. Efficiency

1.1.4. intervention

1.1.5. Sustainability

1.1.6. Change

1.2. Market Failure

1.2.1. Asymetric information

1.2.2. Externalities

1.2.3. Market power

1.2.4. Inequality

1.2.5. Efficiency

1.2.6. Change

1.2.7. Wellbeing

1.2.8. Sustainability

1.2.9. Intervention

1.3. Scarcity

1.4. Choice

1.5. Efficiency

1.6. Interdependence

2. Demand

2.1. PED

2.1.1. Change

2.2. Scarcity

2.3. Choice

2.4. Change

3. Supply

3.1. PES

3.1.1. Change

3.2. Scarcity

3.3. Choice

3.4. Interdependence

3.5. Change