IBDP Economics
Group 3 | Economics
| š Level | HL & SL |
|---|---|
| ā± Hours | 150 (SL) or 240 (HL) |
| š Prerequisite | None |
| ā¹ļø IB Course Information | Link (HL) Link (SL) |
Important Note - this course at standard level can be anticipated - completed in the first year of your IB Diploma
Ā
What will I learn?
Economics is the study of how scarce resources are allocated at a local, national and international level to meet unlimited societal needs and wants. It provides students with knowledge and skills to support their understanding of political decisions that are made throughout the world. The broad units studied are the same for both Standard Level and Higher Level courses. Higher Level candidates study key concepts and theories within each unit in more depth. These units are; Introduction to Economics, Microeconomics, Macroeconomics and The Global Economy.Ā
Ā
The aims of the Economics course at both Standard and Higher Level are to develop in a student:Ā
- knowledge and understanding of specified theoretical content and current economic issues;Ā
- skills in interpreting and analysing economic information and data;Ā
- the ability to examine, discuss and evaluate economic information, theories and concepts;Ā
- skills in producing well-structured written material, diagrams and quantitative techniques to explain and analyse economic relationships;Ā
- global perspectives which feature an understanding of the diversity of economic situations in which individuals, organisations and societies function.
Why should I consider this course?
The emphasis on real-world issues and inquiry fosters a global perspective.Ā
Ā
Assessment
| Component | Requirement | %HL | %SL |
|---|---|---|---|
| Portfolio | 3 x 800 words | 20 | 30 |
| Paper 1: Extended Response | 1 hour 15 minutes | 20 | 30 |
| Paper 2: Data Response | 1 hour 45 minutes | 30 | 40 |
| Paper 3: Policy (HL only) | 1 hour 45 minutes | 30 | Ā |
What Skills does this course provide?
- Application of knowledge and understanding of economic concepts and theories to real-world situations
- Synthesis and evaluation of economic concepts to construct arguments and make policy recommendations
- Inquiry and analysis skills into understanding both micro and macro level economic implications of directions by both businesses and governments
What Pathway Options does this course provide?
Entrepreneurship, business, economics, mathematics, finance, government and policy-making, journalism, data analyst, international relations and diplomacy, law, public affairs, teaching.