IB Economics SL Notes – Introduction to Economics (Topic 1)

Why waste time making notes when you can take the stress out of IB Economics with this complete handwritten summary for Topic 1: Introduction to Economics?

Perfect for quick revision, class prep, or last-minute exam refreshers — clear, concise, and easy to follow.

What’s Included (Topic 1 – Introduction to Economics):

• Scarcity & the basic economic problem
• Types of goods (private, public, merit, demerit, etc.)
• Factors of production (land, labour, capital, entrepreneurship)
• Economies in transition timeline
• PPC/PPF curves:
  • how to draw them
  • shifts vs. movements
  • how to interpret changes in opportunity cost
• Clean diagrams + summarised explanations

Why you’ll love it

• Clear, summarised cheat-sheet style
• Handwritten + neatly formatted for easy understanding
• Perfect for SL students or anyone needing a quick refresher
• Created by a recent IB graduate with high achievement in Economics SL

Great for:

• Revision
• Exam prep
• Visual learners
• Last-minute studying
• Filling gaps from missed classes