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

Click on the icon below to go to the relevant topic.

New Youtube Channel - ThinkIGCSE

Hi Everyone, I have launched a new YouTube channel with more than a 100 videos on  Economics and Business Studies, tailored specifically for IGCSE and A Level and IBDP students.

Subscribe now and join us on this learning journey: @thinkIGCSE

Exciting News!

IMPORTANT MESSAGE

Quizzes and worksheets on this website have been developed in Flash format. Flash is no more supported by browsers. Therefore, you might see blank pages on some instances. Install Flash player plugin for Chrome from Chrome Web Store. Click here 

Similarly, for other web browsers you will have to activate the relevant flash player plugins.

JOIN OUR ONLINE COURSES

WHO'S ONLINE

We have 201 guests and no members online

Crosswords

PDF FILE

Download

MindMaps

PDF FILE

Download

Save
Cookies user preferences
We use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.
Accept all
Decline all
Read more
Analytics
Tools used to analyze the data to measure the effectiveness of a website and to understand how it works.
Google Analytics
Our website uses Google Analytics to understand how you interact with our site and improve your browsing experience. These cookies collect information in an anonymous form, including the number of visitors to the site, where visitors have come from, and the pages they visited. The data helps us analyze trends and user behavior to enhance our website's functionality and content.
Accept
Decline
Marketing
Set of techniques which have for object the commercial strategy and in particular the market study.
Marketing
Our website uses Google marketing cookies to deliver personalized ads and measure the effectiveness of our advertising campaigns. These cookies track your online activity to help us show you relevant ads on Google services and partner websites.
Accept
Decline