IB HL ECONOMICS: Every equation/formula you need for Paper 3!
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- Опубликовано: 27 авг 2024
- This video takes you through every equation and formula that you need to memorise in order to get a 7 on your HL Economics Paper 3!
If you need one on one economics tutoring, you can book a lesson with me here: www.apprentus....
Good luck to everyone with their econ paper 2 and 3 tomorrow !
hahaha lmao, m22 gang here
Yeaaaaaaaa, good luck guys!
Let's all get a 7 haha. Good luck everyone
@@xinjiachen5642 ahahah thank you
m23 is here (i have mock tomorrow)
Tomorrow we march in. Good luck everyone
Good luck!
im screwed just started macro lmao
@@toxicxplays3661 don't worry, i didn't bother with global lmao
10 mins im gonna die
We march for the last time boys never back down!
LAST EXAM so excited
@@alicia-mo8uj and scared so best of luck to us
00:01 Understanding Opportunity Cost Calculations
00:55 Understanding demand and supply curve equations
01:54 Calculating percentage change and price elasticity of demand (PED)
02:57 Equations for Cross Elasticity of Demand, Income Elasticity of Demand, and Theory of the Firm
03:47 Understanding the different types of costs in economics.
04:51 Understanding key economic equations for Paper 3
05:54 Key economic formulas for Paper 3
06:47 Calculating total tax paid with progressive taxation
Crafted by Merlin AI.
Im cooked tommorow
we are
Bruh same
ong
Error when calculating %change in Qd, around minute 2:30. If im wrong delete my comment
Hi I don’t think includes the Keynesian multiplier which is: 1/marginal propensity to withdraw (Different form of formula: 1/1-marginal propensity to consume) But other than that this video is perfect. Thanks
This really helped me prepare for M21 exams, thank you.
Very glad it was helpful!
M22 for me
@@freddy5713 Paper 3 tomorrow ;)
@@upsyndrome5333 and 2 ;-;
Shouldn't the % change in Qd be (2:25) be
(150-110)/150 * 100 = 8/3 ?
yes for those wondering the right answear for the ped is 0.53
Ik this makes no difference for the answer (besides being negative), but wouldn’t it be (110-150)/150 * 100 instead?
i have paper 3 econ mock today, hope I ace it.
There are lots of other calculations, which are missing here, that also come in our papers like questions about the simple spending multiplyer and the kerynesian multiplier with respect to the tax and money multiplyers. would like to learn about those too, thanks.
Good luck for tomorrow everyone!
test in abt 3 minutes gonna be goated
Global economy left the chat
yo, you get the progressive tax calculation?
@@aarizsajan3561 yes
thank u very much!!!!! I love u!
God bless u! U saved me
November 2022 wya
we here, good luck bro
THANK YOUUU SOO MUCHHHH
Omg thank you
Let me know what you would like to see next!
I would love to see detail walkthrough on stuff like externalities market failure that would be extremely beneficial for me
@@ftft6847 that’ll be our next video then! :)
Good luck M24 we’ve got this😭
is this all the formulas or are there any for international
You go too fast man! I had to slow you down, and pause the video at many points to digest😂😂😅
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