Assessment
Paper 2 style examination questions
This section of the Economics site contains Paper 2 style questions specifically written for the site and based on the IB Paper 2 assessment in Economics. Each question follows the format used in the...
Assessment
Paper 1 style examination questions
This section of the Economics site contains Paper 1 style questions for HL and SL specifically written for the site and based on the IB Paper 1 assessment in Economics. Each question follows the format...
Review/Revision
How to write your IA Free
The following page contains the handout that I provide to my students to help them with the IA process. It contains instructions and structure which I would advise your students to follow carefully....
eBook
Unit 2.7(2): Governments in markets - price controls
In free markets, where there is no government intervention, price and output are determined by supply and demand. The government seeks to intervene in markets when market prices and output do not maximise...
Activities
Paper 1 real world example: National/government debt and fiscal policy
When the full effects of the 2019 pandemic hit in 2020 all economies experienced a dramatic decline in economic activity and a resulting drop in GDP. This sharp fall in countries’ national income led...
Activities
Unit 4 Global Economics
This section of extension material covers the global economics section of the course. It includes the reasons for trade, trade barriers, economic integration, exchange rates, the balance of payments,...
Activities
Unit 3 Macroeconomics
This section of the extension material covers measuring national economic income and economic development, aggregate demand and supply, and macroeconomic objectives and policies. ...
Activities
Applying game theory
The American economist John Nash is a central figure in the application of Game Theory in Economics. In 1994 he won the Nobel Prize in Economics for his PhD thesis which set out the definition and properties...
Activities
Market power
On January 4 2022 Apply became the first business in the world to be worth $3 trillion. If Apple were a country its value would put it just behind Germany which is the world’s fourth-biggest economy....
Activities
Market failure and climate change
The weight of expectation hangs heavily on world leaders as they meet for the global climate summit in Glasgow this week. Reaching an agreement that limits global warming to 1.5 degrees is a challenging...