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IB Approved Workshops
Economics (New Syllabus)
IB DP Category 2
Paris, France, 21 - 23 February 2025
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Virtual Think-Ins
Paper 1 (Extended response) in DP Economics
Virtual Think-In, 2 December 2024
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Paper 2 (Data response) in DP Economics
Virtual Think-In, 9 December 2024
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Exam questions
Paper 2 style examination questions
This section of the site contains 24 paper two-style questions, written by the authors according to the new syllabus, starting August 2020, but revised for the May 2024 section. Each question is designed...
Exam questions
Paper 1 style examination questions
This section of the site provides you with the opportunity to set examination style questions for the new syllabus, starting August 2020. The following questions are all IB paper 1 in type and include...
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Exam questions
Unit 1-2.10: Microeconomics questions
This page contains 11 paper one style questions for the new syllabus. The questions were written by myself based on the information contained in the new curriculum document. 1. (a) Explain how the burden...
Exam questions
Paper 3 style questions (HL only)
This page contains direct links to the paper three type questions on the site. Each question is marked out of 30 and include a policy response question to reflect the new syllabus requirements. Paper...
Units 1-2: Microeconomics
Unit 2.1: Demand
Having completed the introductory units you will now be ready to begin the main part of the microeconomics course, with an understanding of markets. Start by explaining to your students that the market...
Units 1-2: Microeconomics
Unit 2.3: Competitive market equilibrium
When you combine the two variables of supply and demand, for any good or service, you arrive at the market equilibrium. This page also contains a number of examination style questions, as well as short...
Units 1-2: Microeconomics
Unit 2.5: Price elasticity of demand
Until now your students will have largely worked on the assumption that demand is linear and that the relationship between selling price and quantity demanded was the same or at least similar for most...
Units 1-2: Microeconomics
Unit 1.1: Scarcity, choice and opportunity cost
This page looks further at the question of what is economics and given that we do not live in a perfect world, we are forced to make choices in terms of how we spend our scarce financial resources as...
Textbook
Unit 2.1: Demand theory
Unit 2.1 is the first section in microeconomics. In our introduction to Economics, we considered the question of how resources are allocated in society and the first step to answering this question is...
Textbook
Unit 1.1: Introduction to Economics
This unit is an introduction to Economics. It starts by looking at the fundamental economic problem of scarcity and develops this by considering how scarcity leads to choice and opportunity cost. The...