What does IB Economics program include?

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ITT – IB Economics is a dynamic social subject, using scientific methods including qualitative and quantitative factors. But what does IB Economics program include? IB Economics consists of 2 levels: Standard Level (SL) and Higher Level (HL) with similar core requirements but the number of learning hours is different. So what does IB Economics program include? This course consists of 4 sections mostly in sequence with the topics listed below:
  • Section 1: Microeconomics – 35 hours for SL and 95 hours for HL.
  • Section 2: Macroeconomics – 40 hours for SL and 50 hours for HL.
  • Section 3: International Economics – 25 hours for SL and 45 hours for HL.
  • Section 4: Development Economics – 30 hours for both SL and HL.
In particular, the topics for HL are as follows:
  • Section 1: Competitive Markets: Demand and Supply, Government Intervention, Market Failure, Theory of the Firm and Market Structures.
  • Section 2: Aggregate Demand and Aggregate Supply, Macroeconomic Objectives.
  • Section 3: International Trade, Exchange Rates, The Balance of Payments, Economic Integration, Terms of Trade.
  • Section 4: The Role of International Trade.
During the course, the students of both SL and HL need to write 3 short essays based on articles from the published media (except for radio broadcasts). Each article must be based on a different part of the curriculum (microeconomics, macroeconomics, international economics and development economics) and each essay must not exceed 750 words. In the world of development and integration, studying Economics in English plays an important role in both individuals and society. There are many different reasons for students to choose this subject for practical benefits. IB Economics is very popular with international students, especially students who love the subject or intend to pursue related majors in the future such as Business Administration, International Economics, International Trade… Studying IB Economics not only equips knowledge but also enhances English for students. With a team of teachers have teaching experience, students will quickly master the whole program. Now you know what does IB Economics program include. Now, Intertu Education is enrolling potential students for IB courses (IB Math, IB Physics, IB Chemistry, IB Biology, IB Economics, IB Business Management, IB English). For inquiries, please contact us directly or via email or hotline.

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