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IB Economics in the Diploma Programme
The International Baccalaureate Economics are a dynamic social science that compels you to look at the world through the lens of international perspectives and the complex interplay between individuals, firms, and governments. You will dive deep into microeconomics and macroeconomics, exploring how choices are made in a world of scarcity.
The course challenges you to apply quantitative skills and qualitative analysis to critical issues like sustainability, poverty, and global economy trends.
Whether you are taking Standard Level (SL) or Higher Level (HL), you must master specific assessment components, including a portfolio of commentaries and rigorous external exams. This subject not only prepares you for university degrees in finance, politics, and business; but also equips you with the critical thinking skills necessary to understand the economic news and forces shaping our modern society.
Economics Themes That We Explore in Depth
Our teaching approach moves beyond textbook theory to practical application. In this economics course we’ll see the world’s events and phenomena through a lens of logical analysis, helping you understand cause-and-effect relationships rather than just rote memorization of theories you can get just by reading a book.
By deconstructing real-world examples—from inflation crises like Venezuela’s, to trade wars like the confrontation between the USA and China—we ensure you can apply models effectively in your exams. Below are the key curriculum areas we help you master.
Microeconomics and Market Dynamics
We guide you through the intricacies of supply and demand, elasticity, and market failure. You will learn to construct and label diagrams with precision and to analyze how government interventions impact market efficiency. Our tutors will ensure that you grasp the logic behind the curves so you can explain shifts and movements
Macroeconomics and Global Policy
You will explore critical indicators like GDP, inflation, and unemployment rates, understanding how fiscal policy and monetary policy affect national stability.
We’ll teach you to evaluate the effectiveness of these policies in different contexts so you understand the strategies governments use.
The Global Economy and Development
We cover international economics, including trade theories, exchange rates, and the balance of payments. You will also examine development economics, discussing the challenges faced by developing nations and the strategies for sustainable growth.
We Help you with Your Extended Essay and Internal Assessment in IB Economics
Succeeding in the IB economics diploma requires more than just exam performance; your coursework components are vital. Writing a commentary or a research paper demands specific skills in data selection, diagram usage, and economic evaluation that standard classes often rush through. At Get IB Tutor, we guarantee a superior education, strengthening our students’ ability to tackle complex International Baccalaureate assessments.
Support in your IB Economics Extended Essay
We provide specialized guidance for your economics extended essay, helping you move from a broad topic to a focused, researchable question.
Whether you are analyzing the market structure of a local industry or the impact of a specific policy, we guide you through primary data collection and methodology.
Preparation with professional teachers for the IA
The economics internal assessment consists of a portfolio of three commentaries based on current news articles.
Our tutors help you select appropriate articles that allow for deep economic analysis. They’ll guide you step-by-step in drawing accurate diagrams, defining key terms, and evaluating the article using different economic perspectives.
Our way of teaching Economics to our Students
Our methodology is built on active engagement and personalization, challenging you to think like an economist rather than just memorizing definitions. Crucially, our instruction is delivered by true experts in the field. Our team consists of IB program specialists, many of whom are former IB students who achieved top scores of 6 and 7 themselves and actual experience teaching in IB schools. They possess an intimate understanding of the official assessment criteria and the moderation process, which means you are learning from instructors who know exactly what examiners are looking for.
We focus on «diagrammatic fluency» and «evaluation structure».
We teach you how to build nuanced arguments for high-mark questions.
We guarantee a high-quality, comprehensive, and flexible education.
We pride ourselves on meeting the highest IB standards.
IB Economics: Course Structure and Assessment
Navigating the structure of the IB economics course is essential for maximizing your score. The curriculum is designed to balance theoretical understanding with real-world application, testing your ability to think critically about economic news and data without just repeating what has already been said by authors.
Whether you are analyzing a news article for your IA or calculating elasticity in an exam, you need a clear strategy. We prepare you for both the internal and external assessments, ensuring you develop the specific analytical and quantitative skills required to excel in this social science.
Standard Level (SL) and Higher Level (HL)
The distinction between SL and HL is significant. While both cover the core principles of micro and macroeconomics, HL students must tackle quantitative extensions and a distinct «Policy Paper» (Paper 3).
We ensure HL students are comfortable with the additional mathematical requirements and the deeper theoretical complexity expected in their exams.
Core Topics and Curriculum Content
The syllabus is divided into four main units: Introduction to Economics, Microeconomics, Macroeconomics, and The Global Economy.
We ensure you cover every aspect, from the basic price mechanism to complex concepts like monopolistic competition and supply-side economics. You will learn to synthesize these topics, understanding how global trends impact local markets.
Practical Application and Portfolios
A unique aspect of this course is the economics internal assessment portfolio. You must produce three commentaries connecting economic theory to a real-world news article.
We help you master this format, teaching you how to bridge the gap between textbook diagrams and the reality of current economy events reported in the media.
Assessment Criteria and Academic Expectations
You are evaluated on your knowledge, application, analysis, and evaluation. In IB economics, getting the right answer is only half the battle; you must explain why it is right using economic terminology.
We practice with past papers and mark schemes, focusing on how to structure your essays to hit the top bands of the assessment criteria consistently.