Independent Study Guide: IB Economics SL/HL
Independent Study Guide: IB Economics SL/HL is a self-study resource aligned with IB Diploma Programme Economics. Organised around the four main parts of the framework, it helps you master both the theory and how to apply it to real-world situations.
$29.00- Programme
- IB Diploma Programme
- Subject
- Economics
- Level
- SL & HL
- Pages
- 82 pages
- Language
- English (bilingual terms)
About this guide
The content focuses on explaining the models, diagrams and core concepts, with worked examples and the syllabus's key concepts such as scarcity, efficiency, intervention and sustainability. This is the foundation for writing all three Papers well.
The book supports revision for Papers 1, 2 and 3 and prepares you for the Internal Assessment (a commentary on economic news).
What is inside
- Introduction to economics and the key concepts that run through the course
- Microeconomics: supply and demand, elasticity, market intervention and market failure
- Macroeconomics: GDP, inflation, unemployment, fiscal and monetary policy
- The global economy: trade, exchange rates and the balance of payments
- Economic development and sustainability
- Drawing and analysing diagrams to IB standards
- HL extensions: quantitative calculations and advanced models
- Guidance for the Internal Assessment (IA) - a commentary on an economics article
Who this guide is for
- IB Diploma Programme Economics students at SL and HL
- Students who want to self-study and organise their knowledge by the framework
- Anyone practising diagram drawing and economics commentary writing
- Students preparing their Internal Assessment (IA)
- Teachers and tutors looking for an up-to-date reference
How to use this guide
- Master the key concepts, as they are the thread running through every essay question
- Practise drawing and fully labelling supply-demand and AD-AS diagrams to IB standards
- For each policy, analyse both its strengths and its limitations (evaluation)
- Apply the theory to real economic news to prepare for the IA
- HL students should add practice on the quantitative calculations for Paper 3
- Revise section by section, then do integrated questions to connect micro and macro
Questions about this guide
Does the book cover Paper 3, which is HL only?
Yes. It includes the HL extensions with quantitative problems and advanced models, directly supporting Paper 3 for HL students.
Does the book help with the Internal Assessment?
Yes. It explains how to choose an article, apply the key concepts and write a commentary that meets the IA criteria for IB Economics.