Microeconomics requires precise calculation of how changes in price or income affect quantity and how firms manage their costs and profits. Linear Demand & Supply Functions is the intercept and is the slope). is the intercept and is the slope). Elasticities Price Elasticity of Demand (PED) Income Elasticity of Demand (YED) Cross Price Elasticity of Demand (XED) Price Elasticity of Supply (PES) Costs, Revenue, and Profit Total Revenue (TR) Average Revenue (AR) (which always equals Marginal Revenue (MR) Marginal Cost (MC) Profit Maximization 2. Macroeconomics: Measuring the Economy
The booklet provides:
Elasticities quantify how buyers and sellers react to shifting market conditions. IB Economics HL Formula Booklet | PDF - Scribd ib economics hl formula booklet
The IB awards (M marks). Even if your final number is wrong, you can get 2/3 of the marks by writing the formula correctly.
This section is heavily populated with formulas regarding elasticity, costs, and market structures. Even if your final number is wrong, you
To master HL Economics, one must understand not just how to compute the formulas, but why they are structured the way they are, and where their inherent limitations lie.
Do not waste 5 minutes flipping pages. On the day of the exam, the invigilator hands you the booklet. Use sticky notes or mentally memorize the page order (Micro usually first, Macro last). and where their inherent limitations lie.
Measures relative growth or contraction across variables.
1MPWthe fraction with numerator 1 and denominator cap M cap P cap W end-fraction
for a full breakdown of the HL syllabus and how math skills apply to different papers. Tutopiya's formula sheet specifically updated for the 2026 examination cycle. Revision Village
The quantitative requirements span all four major units of the syllabus, with a heavy emphasis on Micro and Macroeconomics.
