2700y-H

Economics IB 1

Full Year / 1 Credit / Grade 11

Prerequisites:

IB Diploma Students: See IB Policy

IB Diploma Course Students: Grade of C or above in Grade 10 English and Social Studies.

Description

Economics is a dynamic social science, dealing with issues of scarcity, and the methods and processes by which choices are made to allocate resources. The IB Diploma Program Economics course has four main components.

In the first year, the topics will include an introduction to the basic approach of the study of scarcity, microeconomics (variables affecting individuals, firms and markets) and macroeconomics (variables affecting countries, governments and societies). The ethical dimensions involved in the application of economic theories and policies permeate the economics course, as students are required to consider and reflect on end goals and values for all stakeholders. The course encourages students to develop international perspectives, fosters a concern for global issues, and raises students’ awareness at all levels. The course also develops values that will enable students to achieve a degree of personal commitment in trying to resolve economic issues, appreciating our shared responsibility as citizens of an increasingly interdependent world.

While the Economics course requires no specific prior learning, this is a college-level course in which students must demonstrate the ability to understand and explain abstract concepts, the ability to reason logically and quantitatively, as well as the ability to write in a structured and succinct manner. Students wishing to sit for the examination must follow the two-year course of study and complete the Internal Assessment project.

Assessments:

All assessments follow IBO guidelines, including a quantitative component for HL students.