IB Economics

1-on-1 Course

The IB Diploma Programme Economics course forms part of group 3 – individuals and societies. There are two levels offered – Higher Level (HL) and Standard Level (SL). At both levels, candidates are required to study these 4 main topics: Microeconomics, Macroeconomics, International Economics and Development Economics with some sub-topics within these reserved solely for higher level. Our course structure can be found below.

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Course Curriculum


  • Competitive markets: demand and supply (SL/HL)
  • Elasticity (SL/HL)
  • Government intervention (SL/HL)
  • Market failure (SL/HL)
  • Theory of the firm and market structures (Only HL)


  • The level of overall economic activity (SL/HL)
  • Aggregate demand and aggregate supply  (SL/HL)
  • Macroeconomic objectives  (SL/HL)
  • Fiscal policy  (SL/HL)
  • Monetary policy  (SL/HL)
  • Supply-side policies  (SL/HL)

International Economics

  • International trade (SL/HL)
  • Exchange rates (SL/HL)
  • The balance of payments (SL/HL)
  • Economic integration (SL/HL)
  • Terms of trade (Only HL)

Development Economics

  • Economic development (SL/HL)
  • Measuring development (SL/HL)
  • The role of domestic factors (SL/HL)
  • The role of international trade (SL/HL)
  • The role of foreign direct investment, FDI (SL/HL)
  • The roles of foreign aid and multilateral development assistance (SL/HL)
  • The role of international debt (SL/HL)
  • The balance between markets and intervention (SL/HL)

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