A balanced current account is a key objective for economic stability. Persistent imbalances, such as deficits or surpluses, can disrupt...

Time management is one of the biggest challenges IB Economics students face during exams. With multiple papers, a variety of question...

Utility theory is central to understanding consumer decision-making in economics. This guide explains total and marginal utility, the law...

Firms operate with diverse objectives, ranging from profit maximization  to sales growth , depending on market conditions and strategic...

National income statistics are essential tools for understanding a country’s economic performance, living standards, and resource...

Governments worldwide use macroeconomic policies to achieve key objectives such as price stability, low unemployment, and economic...