IB Economics

unit icon 19 Units
unit icon 176 Lessons
unit icon 2 Years
IB Economics SL 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 SL 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.
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M2025 Year 1

$1,460 *

M2025 Year 2 rollover

$1,535 *

Please note, that all courses offered are subject to receiving a minimum of 5 students at the beginning of the academic year. We will contact the school prior to the course start date if we are unable to take a course forward.

* Excludes VAT

Course Structure

The course covers the following topics:

  • Course Overview
  • Introduction to Economics
  • Competitive Markets
  • Elasticity
  • Government Intervention
  • How do markets fails
  • Internal Assessment
  • The National Economy
  • Employment, Inflation and Growth
  • 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

The Benefits

Taking IB Economics SL online will enable students to:
  • learn real world applications of economic theory.
  • understand the areas of microeconomics, macroeconomics and the global economy.
  • 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.


What is different in taking IB Economics SL online?

Students will have the opportunity to:
  • access source material in a variety of media.
  • access a structured learning environment that provides flexibility and support in equal measure.
  • 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 SL course, students engage in online discussions, debates, article analysis 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 IB Economics SL, we recommend students set aside five to six hours a week.

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