IB Diploma

Economics HL

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.

21 Units 215 Lessons 2 Years

Course structure

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

The course covers the following topics:

Year 1

  • Course Overview
  • Introduction to Economics
  • Competitive Markets
  • Elasticity
  • Market Failure
  • Internal Assessment
  • Costs and Revenues
  • Market Structures
  • The National Economy
  • Employment and Inflation
  • Unemployment and Economic Growth


Year 2

  • Year One Revisited
  • Income Distribution and Macro Policies
  • Free Trade Vs. Protectionism
  • Exchange Rates
  • Balance of Payments
  • Measure of Economic Development
  • Barriers to Economic Development
  • Aid, Debt and Economic Development
  • Exam Revision


What is different in taking Economics HL online?

Students will have the opportunity to:

  • access source material in a variety of media
  • learn at their own pace and in a location of their choice
  • study alongside students from around the world
  • gain experience of using the latest online learning tools
  • regularly communicate with teachers and fellow students

Some things won’t be different though. Standards and expectations will be just as high as in a face to face classroom.


Activities and 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.


Advice from our teachers

In order to succeed in Economics HL, we recommend students set aside seven to ten hours a week.

Benefits to students

Taking Economics HL online will enable students to:

  • learn real world applications of economic theory
  • understand how macro- and micro-economies work
  • meet and study with students and teachers from around the world.
  • become experienced in a wide range of technical and social tools
  • develop 21st century skills like time management, communication and digital literacy which are much in demand by employers

Enrol NowSchedule a Demo

Pilot the Pamoja Online Course for up to four weeks from the day the course commences.

Powered by

Year 1


Enrol Now

Schedule a Demo

Pilot the Pamoja Online Course for up to four weeks from the day the course commences.


Hodder Education eTextbook

This course is dependent on student etextbooks provided by Hodder Education and hosted on the Dynamic Learning platform. Please ensure you check the Hodder Dynamic Learning guidance to ensure your systems are able to access this service. This service is provided as part of the Pamoja course fee - find out more.

Powered by

Faria Education Group is a leader in international education systems & services.

Please fill in your contact details below. Our team will be in touch via email to arrange an online demonstration, or to answer any questions you may have.