Introduction

IB Economics course focuses on dealing with issues such as resource management, resource allocation, firms and markets, governments and societies.
As a dynamic subject, the course encourages student to develop their international perspective, fosters a concern for global issues and raises students’ awareness of their responsibilities at a local, national and international level.

Objectives
Systematize the core knowledge of the subject
Become familiar with most IB exam formats
Reduce pressure and study time
Improve scores effectively
Enhance independant thinking
Create a solid foundation for higher education
Characteristics
Quality teachers with extensive knowledge about students psychology
Teaching programs are based on international standards
Exclusive materials that closely follow the IB formats
Personalized teaching method according to student progress
Commitment on IB pass grade
EE, IA, TOK completion support
Course content
Topic 1:The foundations of economics
1.1 Scarcity, choice and opportunity cost
1.2 Economics as a social science
1.3 Central themes
Topic 2: Competitive markets: demand and supply
2.1 Introduction to competitive markets
2.2 Demand
2.3 ..................................
Topic 3: Elasticities
3.1 Price elasticity of demand (PED)
3.2 Cross-price elasticity of demand (XED)
3.3 ..................................
Chapter 4: Government intervention
4.1 Indirect taxes
4.2 Indirect (excise) taxes: market outcomes, social welfare and tax incidence (HL)
4.3 ..................................
Chapter 5: Market failure
5.1 The meaning of market failure: allocative inefficiency
5.2 Externalities: diverging private and social benefits and costs
5.3 ..................................
Chapter 6: The theory of the firm I: Production, costs, revenues and profit (HL)
6.1 Production in the short run: the law of diminishing returns
6.2 Introduction to costs of production: economic costs
6.3 ..................................
Chapter 7: The theory of the firm II: Market structures (HL)
7.1 Perfect competition
7.2 Monopoly
7.3 ..................................
Chapter 8: The level of overall economic activity
8.1 Economic activity
8.2 Measures of economic activity
8.3 ..................................
Chapter 9: Aggregate demand and aggregate supply
9.1 Aggregate demand (AD) and the aggregate demand curve
9.2 Short-run aggregate supply and short-run equilibrium in the AD-AS model
9.3 ..................................
Chapter 10: Macroeconomic objectives I: Low unemployment, low and stable rate of inflation
10.1 Low unemployment
10.2 Low and stable rate of inflation
10.3 Topics on inflation (HL)
Chapter 11: Macroeconomic objectives II: Economic growth and equity in the distribution of income
11.1 Economic growth
11.2 Equity in the distribution of income
Chapter 12: Demand-side and supply-side policies
12.1 Introduction to demand-side policies
12.2 Fiscal policy12.3 Monetary policy
12.3 ..................................
Chapter 13: International trade
13.1 The benefits of trade
13.2 Free trade: absolute and comparative advantage (HL)
13.3 ..................................
Chapter 14: Exchange rates and the balance of payments
14.1 Freely floating exchange rates
14.2 Government intervention
14.3 ..................................
Chapter 15: Economic integration and the terms of trade
15.1 Economic integration
15.2 Terms of trade (HL)
Chapter 16: Understanding economic development
16.1 Economic growth and economic development
16.2 Measuring economic development
Chapter 17: Topics in economic development
17.1 The role of domestic factors
17.2 The role of international trade barriers
17.3 Trade strategies for economic growth and development
Chapter 18: Foreign sources of finance and foreign debt
18.1 The meaning of foreign sources of finance
18.2 Foreign direct investment and multinational corporations (MNCs)
18.3 ..................................
Chapter 19: Consequences of economic growth and the balance between markets and intervention
19.1 Consequences of economic growth
19.2 Balance between markets and intervention

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Small class
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Student achievement

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Lam Ngoc Thao Lam

Subject

Score:

IB Math AA HL

7/7

IB Physics HL

7/7

IB Chemistry HL

7/7

IB Economics

6/7

Student's name

Vo Le Minh Son

Subject

Score:

IB Math AI HL

6/7

IB Economics HL

6/7

Student's name

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Subject

Score:

IB Math AA SL

6/7

IB Chemistry SL

6/7

Student's name

Nguyen Ha Dieu Anh

Subject

Score:

A Level Physics

B

A level Economics

A

Student's name

Luu Anh Vu

Subject

Score:

A Level Math

A