IB Economics
IB Economics explores how individuals, businesses, and governments handle the fundamental problem of scarcity by looking at Microeconomics (individual markets), Macroeconomics (the broad economy), and the Global Economy (international trade). Available at both Standard Level (SL) and Higher Level (HL)—with HL requiring more math and covering advanced topics like market structures—the course focuses heavily on applying economic models to real-world issues.
Course Syllabus
Past Papers
Past Papers
Introduction
Intro to IB Economics
Microeconomics
The study of individual markets. You will learn about supply and demand, elasticity, government intervention (like taxes and subsidies), and market failure (like pollution). Higher Level (HL) students also dive deeply into the "Theory of the Firm" to study monopolies and competition.
Macroeconomics
The study of the economy as a whole. This covers major national goals like economic growth (GDP), low unemployment, and stable inflation. You will explore how governments use fiscal and monetary policies to steer the economy.
The Global Economy
A look at international trade, exchange rates, the balance of payments, and economic integration. It also focuses heavily on Economic Development, exploring the barriers developing nations face and the strategies they can use to improve living standards.
Learn with our expert human instructors
Our expert human instructors will guide you through the course and prepare you for your exams.
1-on-1 Tutoring Sessions
Designed for students who need extra support and guidance
Book a 30-min trialLearn smarter with our Instructors
With our human instructors you get:
- Easy scheduling and flexible timing
- Lessons tailored to your learning style
- Exam-specific tips, mock exams and practice
- 24/7 dedicated support and feedback on your work