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IB Economics


IB Economics Tuition

Economics is the study of how individuals, firms, societies and government allocate scarce resources. It teaches us how to make informed decisions and make better choices with the limited resources we have.

IB HL and SL Economics

The IB Economics program aims to encourage students to be knowledgeable, inquiring, caring and compassionate, and to develop intercultural understanding, open-mindedness and develop the attitudes necessary to respect and evaluate a range of viewpoints. This is consistent with the IB learner profile.
This course emphasizes on real world application of the economic theories. This is evident from the way the course is assessed.

Students can choose to take IB Economics at the Higher level (HL) or Standard level (SL).

HL students need to sit for paper 1, 2 and 3 and complete their Internal Assessment while SL students need to complete their Internal Assessment and sit for paper 1 and 2.

Paper 1                                  Extended response paper on microeconomics and macroeconomics

Paper 2                                  Data response paper on international and development economics

Paper 3                                  HL extension paper on all syllabus content

Internal Assessment              Three commentaries of news articles based on different sections of the syllabus

Students are required to provide commentaries on news articles. This gives them the opportunity to relate the concepts learned to real world examples. In order, to do well for this course, students need to read widely. Keeping abreast with the latest economic developments in the world is a must for all IB economics students.

IB Economics comprises of 4 sections:

  • Microeconomics

    Competitive markets: demand and supply (some topics HL only)
    Government intervention (some topics HL extension, plus one topic HL only)
    Market failures    (some topics HL)

    Theory of Firm and market structure (HL only)

  • Macroeconomics

The level of overall economic activity (one topic HL extension)
Aggregate demand and aggregate supply (one topic HL only)
Macroeconomic objectives (some topics HL extension, plus one topic HL only)
Fiscal policy
Monetary policy
Supply-side policies

  • International Economics

    International trade (one topic HL extension, plus one topic HL only)
    Exchange rates (some topics HL extension)
    The balance of payments (one topic HL extension, plus some topics HL only)
    Economic integration (one topic HL extension)
    Terms of trade (HL only)

  • Development Economics

    Economic development
    Measuring development
    The role of domestic factors
    The role of international trade (one topic HL extension)
    The role of foreign direct investment (FDI)
    The roles of foreign aid and multilateral development assistance
    The role of international debt
    The balance between markets and intervention

Why choose IB Super IB Economics tuition program?

IB Economics Unique Instruction

  • At IB Super, we do not just use the ‘chalk and talk’ way of explaining economic ideas to students. We communicate economic concepts to students through a variety of ways such as newspapers articles, music, activity based lessons and literature.
  • We do not just impart economic facts to students, we teach them the economic way of thinking.

IB Economics ExamsExam focused

  • Exams are important and we are here to help students excel.
  • We break up economic theories into bitesize chunks to help make learning easier.
  • We know what examiners look our for in essays and teach students essay writing skills to achieve the best grades

IB trained tutorsIB experience

  • Our tutors are IB trained or Top IB scorers. They have good understanding of the requirements of IB programs.
  • They know how to do well in the IB exams and are able help you ace the exams too.
  • From understanding challenging economics concepts to writing economics essays, our IB expert tutors can make sure you breeze through your exams.


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