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NotesEconomicsTopic 2.7
Unit 2 · Microeconomics · Topic 2.7

IB Economics — Role of government in microeconomics

Price controls, taxes, subsidies, regulation, and evaluation of interventions.

Exam technique guidePractice questions

What you'll learn in Topic 2.7

  • 2.7.1 Price controls
  • 2.7.2 Indirect taxes
  • 2.7.3 Subsidies
Suggested study order: Read the notes for each sub-topic below → test yourself with flashcards → attempt practice questions → review exam technique.

Study resources — 2.7 Role of government in microeconomics

2.7.1

Price controls

Notes
2.7.2

Indirect taxes

Notes
2.7.3

Subsidies

Notes

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Topic 2.7 Role of government in microeconomics forms a core part of Unit 2: Microeconomics in IB Economics. Mastering these concepts will strengthen your understanding of connected topics across the syllabus and prepare you for exam questions that require analysis, evaluation, and real-world application.

Frequently asked questions

What does Topic 2.7 Role of government in microeconomics cover in IB Business Management?
Topic 2.7 covers role of government in microeconomics as part of the IB BM syllabus. Students learn key business concepts, tools, and frameworks that are assessed in Paper 1 (case study) and Paper 2 (structured questions).
How should I revise Role of government in microeconomics for IB Business Management exams?
Start with the micro-topic notes to build understanding, then use flashcards for key terms and formulas. Practise applying concepts to case study scenarios and review how marks are allocated in IB mark schemes.
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