Killer IB Microeconomics Revision Notes

EVERYTHING you need to know and NOTHING that you don’t – put together by an examiner.

learn more

Hello IB Warrior, I know economics revision can be a real struggle and that’s exactly why I’m here: to help you.

Can’t find useful revision notes?

What examiners want to see

The problem why many students get lost in their revision, is that they don’t have a clue about what the IB wants them to know.

If only you knew what the IB examiners want to see on your exam paper… Well, perhaps I can help!

I’m giving you IB Econ revision notes, which are:

  • Answering ALL the official IB Economics syllabus questions

  • Online: everything in one place, searchable

  • Full of real life examples, to the point explanations

  • Neat and accurate diagrams, beautiful pictures

  • Produced by an examiner about what you really need to know

ok, i want this

What IB Econ students say about the notes

Hey, I love the notes comes handy as the exams are approaching. Cool that you answer all the IB questions. Thanks!

Ioana, Year 2 - Bucharest

What it looks like

Have a look inside

Peak into the Elasticities notes where I explain everything you need to know about PED, XED, YED and PES.

Based on the official IB economics syllabus

The IB econmics exams are based on the IB Econ Guide. In that document, the syllabus contains all the questions that the IB wants you to know.

In these notes, questions by question, I answer everything that might come up in the exam. If you know the answers to these questions, there will be no surprise in the exams.

Detailed breakdown of notes:
this is what you get

  • Markets
  • Demand
  • Supply
  • Market equilibrium
  • The role of the price mechanism
  • Market efficiency
  • Price elasticity of demand (PED)
  • Cross price elasticity of demand (XED)
  • Income elasticity of demand (YED)
  • Price elasticity of supply (PES)
  • Indirect taxes
  • Subsidies
  • Price controls
  • The meaning of market failure
  • Types of market failure
    • Negative externalities of production and consumption
    • Positive externalities of production and consumption
    • Lack of public goods
    • Common access resources and the threat to sustainability
    • Asymmetric information [HL only]
    • Abuse of monopoly power [HL only]
  • Production and costs
  • Revenues
  • Profit
  • Goals of firms
  • Perfect competition
  • Monopoly
  • Monopolistic competition
  • Oligopoly
  • Price discrimination

Get everything you need to know and nothing that you don’t.

order notes now

About the author

 Professional background

My name is Daniel Szekely and I work as an IB Economics tutor, examiner and teacher. Having earned an MA degree in Economics at the University of Aberdeen, I became a financial analyst at Morgan Stanley, one of the largest investment banks of the world. Yet, despite the promising career prospects of the banking industry, I decided to make a larger social impact by becoming a teacher.

I’ve been teaching specifically IB Economics for over 5 years and currently I’m a teacher at SEK Budapest International School. I started EconDaddy as a simple blog to share great articles with students taking IB Economics around the world to use for their commentaries. Being an IB Economics examiner, I’m the one sitting on the other end after the exams are taken, so I truly know how to boost my students marks at school and make them ace the exams.

Daniel Szekely, IB Economics tutor

What my students say

Daniel, thank you so much for all your help, you truly saved my a** from the exams… You’re the best tutor ever!

Cem Unlu, IB Economics HL student, Russia

I would have been doomed without you. I am so glad you helped me!!! Thank you soooo much!!!!!

Ian Michael Novack, IB Economics SL student, Spain

Special offers

#1 Get the Commentary PDF Guide as a gift when purchasing notes

All students who buy these notes will receive a copy of my PDF Guide  about mastering commentaries at no extra charge.

This is normally sold for €19.99.

#2 Get the notes for FREE

All of my students who apply for private tutoring (min. 5 lessons) get the notes at no extra costs.

Buy notes now

How much does all this cost?

No hidden costs. One-off payment. 2 years access.

Microeconomics SL

  • Includes ALL Micro syllabus questions at SL

Microeconomics HL

  • Includes ALL Micro syllabus questions at HL

Macroeconomics SL

  • Includes ALL Macro syllabus questions at SL

Macroeconomics HL

  • Includes ALL Macro syllabus questions at HL

This is just about the cost of a single lesson and you get ALL Micro and Macro Notes. What’s more, I’m giving you a money back guarantee.

Order IB Microeconomics Revision Notes

What you need to do to get the notes

  1. Fill out the form below. Make sure you give your email correctly as that’s the one I will share the notes with. All fields are required.
  2. Pay by using your credit/debit card.
  3. Check your email – a confirmation email will arrive in a couple of minutes (check spam folder too).
  4. Sign up to – using the email address you provided. No need to set up a ‘Team Account’. The notes will be shared with you.
  5. Open the Microeconomics Notes and master your revision. All the best!

4 reasons why you DON’T have to “be afraid” of paying via credit/debit card

Every bank has a so-called chargeback option in case of online credit/debit card payments. In other words, if there is a transaction executed with your card that you have not approved, you can always intervene by getting in touch with the customer service of your bank. And they will get the money back onto your account.

In reality all the card info that you type on this form is actually part of Braintree’s website (and NOT EconDaddy’s one). If you check out the sourcecode of this order form, you’ll see that Braintree’s website is invited through the use of iframe technology, and therefore you are providing the card info to them directly and not to me. Security at first – I agree!

No owner, manager or editor of EconDaddy’s website will ever see, store or even know your card details. These go directly to Braintree owned by PayPal.

As my service is based on tutoring, the trust of my clients (students and their parents) is of utmost importance to me. In such a personal  field as education, losing my credibility would mean that no-one would recommend me to others and I would soon go bankrupt. Even the slightest shadow of a doubt that I misuse your card information (which I do not get btw) would mean the end of my business.

Braintree is owned by the world’s most trusted payment service provider, PayPal. Companies such as Uber, GitHub, DropBox, Pinterest and AirBnB also use Braintree.