IB SL Economics Definitions

Flashcards of definitions used in SL Economics for IB

Some acronyms/abbreviations:

FDI = Foreign Direct Investment

Qd = quantity demanded

Qs = quantity supplied

Govt = government

CB = central bank

PPF = Production Possibilities Frontier

GDP = Gross National Product

PoV = point of view

BoP = Balance of Payments

g/s = goods and services

ER = Exchange Rate

AS/AD = Aggregate Supply/Aggregate Demand