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IB subjects can seem daunting in their differences to national curricula. Find out more about them and how they're assessed below.

Read more about Economics ↓View our Economics tutors ↓

ESS

Economics HL is the study of economic theory and its applications in the world today. Students interpret economic data and statistics, apply relevant theory, and demonstrate this knowledge using written prose, diagrams and economic terminology. Taking Economics HL online will enable students to learn real world applications of economic theory; understand how macro- and micro-economies work; and meet and study with students and teachers from around the world.

May 2021 Examination Changes

The IBO has announced significant changes to the assessment methods for the May 2021 Examination period. Almost all subjects have seen the weighting of certain papers amended, the length of exams reduced, and many have seen entier assessment components removed.

Read our May 2021 Exam Changes Report
Our 'May 2021 Examinations Report' goes into detail into all the changes the IBO have announced for every IB subject, as well as how to to respond and work with educators to minimise disruption as much as possible.
'May 2021 Examination Changes' Report ↗
Read more about Economics

The Economics course is being revised for September 2020 to reflect the changes in the IB Subject Guide (first examinations May 2022). Course updates include:

  • Enhanced content to better support students in making real world connections and obtain deeper understanding of the interrelationships between topics.
  • Inclusion of the new integrated topics; Economics of the environment and Economics of inequality and poverty.
  • Support for the new assessment model; changes to exam paper structures and scope, and change to the internal assessment portfolio

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Need help chosing your IB subjects?
History or Economics? Maths HL or SL? Choosing DP subjects can feel like a ticking time bob. We've been helping IB families weigh their options for nearly a decade and can help you make sure you balance your future plans and aptitude with loving your IB subjects.
IB Subject Selection Advice >
This subject's group:
Group 3: Individuals & Societies
Studying any one of these subjects provides for the development of a critical appreciation of human experience and behaviour, the varieties of physical, economic and social environments that people inhabit and the history of social and cultural institutions.
Find out more about Subject Groups >
Advice from our tutors

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Assessment

The emphasis is on learning actively together and activities include live online discussions, creating presentations, learning from videos and interactive exercises. Throughout the Economics HL course, students engage in online discussions, debates, article analysis,  wiki activities and group research projects.

Students are assessed through the use of quizzes and tests. We also provide traditional activities such as essay writing to prepare them for the exams.

Assessment will be both formative and summative and in accordance with IB criteria.

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Next steps

There are a variety of reasons why people choose to study economics. The first one, of course, is that many students aim to follow careers in finance, banking, sales and marketing, insurance or public policy. Studying economics opens up a variety of reliable careers to young people as well as teaching you important information concerning resources that would also benefit students aspiring to start their own businesses. Alternatively, many students enjoy the personal benefits of studying economics. The economy affects unemployment, poverty, inflation: issues which all affect not only our everyday lives but our livelihood that we mustn’t take for granted so it’s a very interesting subject, on a personal level.

Applying to UK universities?
History or Economics? Maths HL or SL? Choosing DP subjects can feel like a ticking time bomb. We've been helping IB families weigh their options for nearly a decade and can help you make sure you balance your future plans and aptitude with loving your IB subjects.
EIB Admissions >
Brief & Examinations
Read the information provided for this subject by the IBO.
Subject Brief ↗Announced Exams (May 2021) ↗

Read more about Economics

The Economics course is being revised for September 2020 to reflect the changes in the IB Subject Guide (first examinations May 2022). Course updates include:

  • Enhanced content to better support students in making real world connections and obtain deeper understanding of the interrelationships between topics.
  • Inclusion of the new integrated topics; Economics of the environment and Economics of inequality and poverty.
  • Support for the new assessment model; changes to exam paper structures and scope, and change to the internal assessment portfolio

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Need help chosing your IB subjects?
Chemistry or Biology? Maths HL or SL? Choosing DP subjects can feel like a ticking time bob. We've been helping IB families weigh their options for nearly a decade and can help you make sure you balance your future plans and aptitude with loving your IB subjects.
IB Subject Selection >
This subject's group:
Group 3: Individuals & Societies
Studying any one of these subjects provides for the development of a critical appreciation of human experience and behaviour, the varieties of physical, economic and social environments that people inhabit and the history of social and cultural institutions.
Find out more about Subject Groups >
Advice from our tutors

Advice: Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

View the IBO's brief for this subject
Read the information provided for this subject by the IBO.
Subject Brief >
What can you do with this subject?

There are a variety of reasons why people choose to study economics. The first one, of course, is that many students aim to follow careers in finance, banking, sales and marketing, insurance or public policy. Studying economics opens up a variety of reliable careers to young people as well as teaching you important information concerning resources that would also benefit students aspiring to start their own businesses. Alternatively, many students enjoy the personal benefits of studying economics. The economy affects unemployment, poverty, inflation: issues which all affect not only our everyday lives but our livelihood that we mustn’t take for granted so it’s a very interesting subject, on a personal level.

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