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Ch 30 4.10 Economic growth and/or economic development strategies: complete notes
Neat, exam-ready notebook-style notes for Ch 30 4.10 Economic growth and/or economic development strategies, following the IB Diploma syllabus, SL and HL. This chapter is part of the complete Economics Notes for IB Diploma Students (SL and HL): All 30 Topics.
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Free preview: Ch 30 4.10 Economic growth and/or economic development strategies notes
A quick look at the chapter from our IB Diploma Economics notes. The full chapter notes have the detailed explanations, diagrams and practice questions with answers.
Topics in this chapter
- What you must be able to do
- Overview and trade strategies AO2 AO4
- Integration, diversification and market-based policies AO2 AO4
- Interventionist policies (1): redistribution AO2 AO4
- Interventionist policies (2): education, health and infrastructure AO2 AO4
- Infrastructure: energy, transport, telecoms, clean water and sanitation
- Inward FDI and foreign aid AO2
- Multilateral assistance and institutional change AO2
- Institutional change
- Intervention or the market? AO3
- Progress toward the SDGs in two countries AO3
“I can” checklist: what you must be able to do
- I can explain import substitution, export promotion and economic integration, and draw tariff and subsidy diagrams.
- I can explain diversification and social enterprise as development strategies.
- I can explain trade liberalization, privatization and deregulation with strengths and limitations.
- I can explain redistribution policies (progressive tax, transfers, minimum wages) and draw Lorenz curves for them.
- I can explain merit goods (education and health programmes) and infrastructure, and draw externality and AD/AS diagrams.
- I can explain inward FDI, aid (humanitarian, development, debt relief, ODA, NGOs), the World Bank and the IMF.
- I can explain institutional change: microfinance and mobile banking, women's empowerment, anti-corruption, property and land rights.
- I can evaluate strategies, intervention against market approaches, and progress toward SDGs in two or more countries.
What is inside the full chapter notes
- Concept notes with 9 worked examples (every number computed)
- Diagrams from other sections: tariff, export subsidy, positive externality subsidy, LRAS shift, Lorenz curves
- Every strategy in the guide, with strengths and limitations side by side
- AO3 pages: intervention versus market, SDG progress in two countries
- Common mistakes and a "How to score" command-term box
- 12 Quick-check questions A-D, explained
- Paper 1 style (a) 10 + (b) 15 with mark scheme and markbands
- Paper 2 style data response (32 marks) with mark scheme
- Quick reference and "I can" checklist
What you get in the pack
- All 30 topics of IB Diploma Economics for students taking Standard Level or Higher Level (first assessment 2022): what economics is, demand, supply, market equilibrium, behavioural economics, elasticity, government intervention, externalities, public goods, asymmetric information, market power, equity, measuring economic activity, aggregate demand and supply, macroeconomic objectives, inequality and poverty, monetary policy, fiscal policy, supply-side policies, international trade, trade protection, economic integration, exchange rates, balance of payments, sustainable development, measuring development, growth and development strategies
- Every syllabus statement covered in order, each marked SL or HL, with clear notes, tables and diagrams drawn for these notes
- Every diagram the guide names, drawn and labelled, plus worked examples and model answers that show how to earn the marks
- Quick-check multiple-choice questions with explained answers, plus original Paper 1 (extended response), Paper 2 (data response) and, for HL, Paper 3 (policy) style questions with full mark schemes (no past-paper reprints)
- Common mistakes and a how-to-score command-term guide for every topic
- Quick-reference sheet and an "I can" checklist at the end of every topic
- Colour PDF and a black and white copy of every chapter for printing
- Independent notes for IB Diploma students; not endorsed by or affiliated with the International Baccalaureate Organization (IBO)
All chapters in this pack
- Ch 1 1.1-1.2 What is economics? and How do economists approach the world?
- Ch 2 2.1 Demand
- Ch 3 2.2 Supply
- Ch 4 2.3 Competitive market equilibrium
- Ch 5 2.4 Critique of the maximizing behaviour of consumers and producers
- Ch 6 2.5 Elasticity of demand
- Ch 7 2.6 Elasticity of supply
- Ch 8 2.7 Role of government in microeconomics
- Ch 9 2.8 Market failure: externalities and common pool resources
- Ch 10 2.9 Market failure: public goods
- Ch 11 2.10 Market failure: asymmetric information (HL)
- Ch 12 2.11 Market failure: market power (HL)
- Ch 13 2.12 The market's inability to achieve equity (HL)
- Ch 14 3.1 Measuring economic activity and illustrating its variations
- Ch 15 3.2 Aggregate demand and aggregate supply
- Ch 16 3.3 Macroeconomic objectives
- Ch 17 3.4 Economics of inequality and poverty
- Ch 18 3.5 Demand management: monetary policy
- Ch 19 3.6 Demand management: fiscal policy
- Ch 20 3.7 Supply-side policies
- Ch 21 4.1 Benefits of international trade
- Ch 22 4.2 Types of trade protection
- Ch 23 4.3 Arguments for and against trade control and protection
- Ch 24 4.4 Economic integration
- Ch 25 4.5 Exchange rates
- Ch 26 4.6 Balance of payments
- Ch 27 4.7 Sustainable development
- Ch 28 4.8 Measuring development
- Ch 29 4.9 Barriers to economic growth and/or economic development
- Ch 30 4.10 Economic growth and/or economic development strategies