Ib Economics Hl Formula Booklet ((new)) – Reliable

PES=%ΔQs%ΔPPES equals the fraction with numerator % cap delta cap Q sub s and denominator % cap delta cap P end-fraction Note: Always use the percentage change formula: Consumer and Producer Surplus

Calculated geometrically as the area of a triangle:

If you need help breaking down like the Keynesian Multiplier or Theory of the Firm? ib economics hl formula booklet

$$Profit = Total Revenue (TR) - Total Cost (TC)$$ $$Average Total Cost (ATC) = \fracTCQ$$

The percentage change in the CPI from one period to the next. PES=%ΔQs%ΔPPES equals the fraction with numerator % cap

Don't just download a PDF from the internet. Write out every single formula listed in this article by hand. Use color codes: blue for Microeconomics, green for Macroeconomics, and purple for International Economics.

The fraction of additional income that is spent on consumption. Write out every single formula listed in this

CS=12×Base×HeightCS equals one-half cross Base cross Height

YED=%Δ Quantity Demanded%Δ IncomeYED equals the fraction with numerator % cap delta Quantity Demanded and denominator % cap delta Income end-fraction

MPC (Consumption)+MPS (Savings)+MPT (Taxes)+MPM (Imports)=1MPC (Consumption) plus MPS (Savings) plus MPT (Taxes) plus MPM (Imports) equals 1

$$YED = \frac% \Delta Q_d% \Delta Y$$