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Positive and normative economics

Positive and normative economics is part of IB Economics Topic 1.2. Below you'll find links to free study notes, flashcards, and practice questions.

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More in Topic 1.2

1.2.1Economic models and assumptions1.2.3Limitations of economic models1.2.4Where economics began: Smith, the classical school and Marx1.2.5Keynes, the monetarists and the argument that never ended1.2.6Economics now: real behaviour and the circular economy