IB Economics · Unit 4 of 6

Unit 4: The global economy

Unit 4 of IB Economics covers The global economy. This unit contains 10 topics and 23 sub-topics. Below you'll find free study notes, flashcards, and exam preparation resources for every topic in this unit.

10 topics23 sub-topics

Exam technique guide

What Unit 4 covers

Unit 4 explores trade, protection, exchange rates, balance of payments, and development—how economies interact globally and the consequences of policy choices.

Topics in Unit 4

4.1

Benefits of international trade

2 sub-topics

4.2

Types of trade protection

3 sub-topics

4.3

Arguments for and against trade control/protection

2 sub-topics

4.4

Economic integration

2 sub-topics

4.5

Exchange rates

3 sub-topics

4.6

Balance of payments

2 sub-topics

4.7

Sustainable development

2 sub-topics

4.8

Measuring development

2 sub-topics

4.9

Barriers to economic growth and/or economic development

2 sub-topics

4.10

Economic growth and/or economic development strategies

3 sub-topics

Study tip: Work through the topics in order — each builds on concepts from the one before. Start with notes, then reinforce with flashcards and practice questions.

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