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IB Economics

Welcome to IB Economics

This section is devoted to IB Economics Revision. Economics is  a required course for any Business, Math, or Public administration degree. The syllabus is divided as per the latest IB Economics specifications. Here you will find revision notes, interactive quizzes, short answer and essay type questions.

 

The aims of the economics course at higher level and standard level are to:

  • provide students with a core knowledge of economics
  • encourage students to think critically about economics
  • promote an awareness and understanding of internationalism in economics
  • encourage students' development as independent learners
  • enable students to distinguish between positive and normative economics
  • enable students to recognize their own tendencies for bias.

The HL course in economics differs from the SL course in economics in terms of the:

  • hours devoted to teaching (240 hours for HL compared to 150 hours for SL)
  • extra depth and breadth required (HL extension topics)
  • nature of the examination questions.

 

Syllabus details for students appearing for examination in and after 2013

 

Assessment Outline - SL

EXTERNAL ASSESSMENT (3 hours) 80%

Paper 1 (1 hour and 30 minutes) 40%

An extended response paper (50 marks)

Assessment objectives 1, 2, 3, 4

Section A

Syllabus content: section 1—microeconomics

Students answer one question from a choice of two. (25 marks)

Section B

Syllabus content: section 2—macroeconomics

Students answer one question from a choice of two. (25 marks)

Paper 2 (1 hour and 30 minutes) 40%

A data response paper (40 marks)

Assessment objectives 1, 2, 3, 4

Section A

Syllabus content: section 3—international economics

Students answer one question from a choice of two. (20 marks)

Section B

Syllabus content: section 4—development economics

Students answer one question from a choice of two. (20 marks)

INTERNAL ASSESSMENT (20 teaching hours) 20%

This component is internally assessed by the teacher and externally moderated by the IB at the end of the course.

Students produce a portfolio of three commentaries, based on different sections of the syllabus and on published extracts from the news media.

Maximum 750 words x 3 (45 marks)

Assessment Outline - HL

EXTERNAL ASSESSMENT (4 hours) 80%

Paper 1 (1 hour and 30 minutes) 30%

An extended response paper (50 marks)

Assessment objectives 1, 2, 3, 4

Section A

Syllabus content: section 1—microeconomics

Students answer one question from a choice of two. (25 marks)

Section B

Syllabus content: section 2—macroeconomics

Students answer one question from a choice of two. (25 marks)

 

Paper 2 (1 hour and 30 minutes) 30%

A data response paper (40 marks)

Assessment objectives 1, 2, 3, 4

Section A

Syllabus content: section 3—international economics

Students answer one question from a choice of two. (20 marks)

Section B

Syllabus content: section 4—development economics

Students answer one question from a choice of two. (20 marks)

 

Paper 3 (1 hour) 20%

HL extension paper (50 marks)

Assessment objectives 1, 2 and 4

Syllabus content, including HL extension material: sections 1 to 4—microeconomics, macroeconomics, international economics, development economics

Students answer two questions from a choice of three. (25 marks per question)

INTERNAL ASSESSMENT (20 teaching hours) 20%

This component is internally assessed by the teacher and externally moderated by the IB at the end of the course.

Students produce a portfolio of three commentaries, based on different sections of the syllabus and on published extracts from the news media.

Maximum 750 words x 3 (45 marks)

Download a copy of the IB Economics Syllabus Download

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