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Economics
IB DP Category 1
Barcelona, Spain, 14 - 16 November 2025
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Economics
IB DP Category 2
Online (IB Approved), 27 - 29 March 2026
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Blog
The world's most expensive pizza
When you go out for dinner to a restaurant to enjoy a pizza, you would normally expect to pay about $18 for a large pizza. As meals go, it represents a relatively ‘good-value’ night out. But imagine...
The use of administrative trade barriers
Trade protection through the use of tariffs is well covered in the news. It is also important to consider another form of trade protectionism, often referred to as ‘non-tariff’ barriers in the media,...
Measuring consumer and business confidence
One of the most interesting aspects of studying different economies is predicting how they will perform in the future in terms of the main macroeconomic variables, economic growth, employment, and inflation....
Economics of crime
The most recent crime statistics released by the Office for National Statistics(ONS) in the UK made interesting reading. Overall, crime against individuals and households has decreased over the last 10...
When tariffs affect interest rates
When Donald Trump announced a swathe of new import tariffs on most countries on April 2, it was unclear how this might affect the US interest rate. The tariffs were announced on ‘Liberation Day’, with...
Supply-side shocks in the cocoa market
The causes and consequences of rising cocoa prices. The price of cocoa over the last ten years shows how the price of this commodity has become more and more unstable. This is shown in Chart 1. From...
Growth of the second-hand clothing market
The world market for second-hand clothing is currently valued at $100 billion, a 100 per cent increase over the last five years. The US-based consultancy Mckinsey says the second-hand clothing market...
Cuts in foreign aid
When the new US government announced it was suspending foreign aid by freezing the budget of the US agency for international aid USAID. The Trump regime's desire to cut international development...
US tariffs imposed on steel and aluminium
President Trump announced a blanket 25% tariff on imported steel and aluminium from all countries. The tariffs will come into effect in March 2025. The US is the world’s biggest importer of steel, with...
DeepSeek enters the AI market
The US-based technology company Nvidia has probably benefited as much as any other company from the growth in artificial intelligence. The company is based in Santa Clara, California and was started in...