This write-up covers the essential formulas and quantitative concepts found in a standard "repack" of the IB Economics HL Formula Booklet
Macroeconomic calculations are critical for answering quantitative questions in both Paper 2 and Paper 3. ib economics hl formula booklet repack
Value of Currency A in Currency B=1Value of Currency B in Currency AValue of Currency A in Currency B equals the fraction with numerator 1 and denominator Value of Currency B in Currency A end-fraction Real Exchange Rate This write-up covers the essential formulas and quantitative
HL students need to be proficient in calculating the effects of government interventions, especially with formulas for: show the equilibrium points
If asked to plot linear demand or supply shifts, always label the axes ( on vertical,
on horizontal), show the equilibrium points, and clearly draw directional arrows indicating the shift.
Real GDP=Nominal GDPGDP Deflator×100Real GDP equals the fraction with numerator Nominal GDP and denominator GDP Deflator end-fraction cross 100