2071y-H

Economics IB 2 SL/HL

Full Year / 1 Credit / Grade 12

Prerequisites:

IB Diploma Students: See IB Policy

IB Diploma Course Students:

• IB Economics Year 2 Standard Level: A June- IB Score Up to Date (SIB on report card) of 3 or above.

• IB Economics Year 2 Higher Level: A June- IB Score Up to Date (SIB on report card) of 4 or above.

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 second year, the course continues beyond national borders to cover international trade (interactions on a global level, discussions of trade and currency), and economic development (variables correlating economic activity to human well-being and global sustainability). 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.