The HL syllabus introduces several quantitative indicators for measuring development beyond GDP:
HL students need to be proficient in calculating the effects of government interventions, especially with formulas for:
ΔY=k×ΔInjectioncap delta cap Y equals k cross cap delta Injection Unit 3: Global Economics
Keep the exact decimal values in your calculator until the final answer. Round to two decimal places unless instructed otherwise by the prompt.
Hope this helps with the revision grind! Let me know if I missed anything. Option 3: The "Study Buddy" (Best for Discord or WhatsApp) ib economics hl formula booklet repack
Calculations in this section often involve finding market equilibrium or measuring responsiveness to price and income changes. Linear Demand & Supply Functions is the intercept and is the slope). is the intercept and is the slope). Elasticities Price Elasticity of Demand (PED)
If you are an IB Diploma student walking into your HL Economics Paper 3, you are allowed one weapon: the . Officially, it is a sterile list of equations and definitions provided by the IBO. Unofficially, for many students, it is a source of anxiety.
Hey guys, I just finished a "Repack" of the Econ HL Formula Booklet. It’s way shorter and easier to navigate than the standard one. 📊
The official booklet is a reference sheet. The "Repack" is a strategy guide . Let me know if I missed anything
The global economics unit handles international trade mechanics, trade barriers, exchange rates, and terms of trade metrics. Protectionism Calculations
These core formulas measure the responsiveness of one variable to a change in another. Mastering all of them is non-negotiable for HL success.
Market equilibrium occurs where the quantity demanded equals the quantity supplied. Qd=Qscap Q sub d equals cap Q sub s To find the equilibrium price ( P*cap P raised to the * power ), set the two equations equal to each other and solve for . Substitute P*cap P raised to the * power
ToT=Index of Average Export PricesIndex of Average Import Prices×100ToT equals the fraction with numerator Index of Average Export Prices and denominator Index of Average Import Prices end-fraction cross 100 is the intercept and is the slope)
The Ultimate IB Economics HL Formula Booklet Repack: Everything You Need for Exam Success
CPI=Cost of Basket in Current YearCost of Basket in Base Year×100CPI equals the fraction with numerator Cost of Basket in Current Year and denominator Cost of Basket in Base Year end-fraction cross 100
For any IB Economics Higher Level (HL) student, the words "Paper 3" often trigger a specific kind of anxiety. Known as the "math paper," it is the 1 hour and 45-minute hurdle that stands between you and a 7. Unlike other subjects, the IB does not provide an official formula booklet during the exam. This makes the —a student-curated compilation of every essential equation—your most vital revision asset.