HomeIB Economics1.2.3

Limitations of economic models

Limitations of economic models is part of IB Economics Topic 1.2. Below you'll find links to free study notes, flashcards, and practice questions.

Read the full notes: Limitations of economic modelsDetailed notes with diagrams, key terms, glossary, and exam tips
Practice QuestionsExam-style questions on Limitations of economic modelsIB Economics Question BankBrowse all topicsIB Command TermsExplain, Evaluate, Discuss…

In this topic

More in Topic 1.2

1.2.1Economic models and assumptions1.2.2Positive and normative economics1.2.4Where 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