Economics is a dynamic social science that deals with the issues of scarcity, resource allocation and choices. The aims of the International Baccalaureate Diploma Programme Economics Higher level (HL) and the Economics Standard level (SL) courses are to enable students
- To develop an understanding of microeconomic and macroeconomic theories and concepts and their real-world application
- To appreciate the impact of economic interactions between nations on individuals and societies
- To develop an awareness of development issues facing nations
Both courses emphasize microeconomic theories, which explore the economic variables affecting individuals, firms and markets; as well as macroeconomic theories that introduce economic variables that affect countries, governments and societies.
For both HL and SL syllabus, students are required to study four topics:
- International Economics
- Development Economics
These sections are assessed by two examinations at SL and three examinations at HL In addition to the examinations, both HL and SL economics students must produce a portfolio of three commentaries based on articles from published news media (internal assessment). For more details about the IB Economics programme, please refer to this document Syllabus "click here"
Economics Course at TISA
At TISA, we adopt a student-centered approach to the teaching and learning of Economics. During the course, students have ample opportunities to work in teams to discuss pertinent economic concepts and issues, to participate in class discussions and debates, to carry out research work and to present their ideas in class.
Through this course, students will learn how to apply key economic concepts to real-world scenarios, acquire research and presentation skills, develop a greater understanding and appreciation of the global economic issues, improve their critical thinking skills and hone their presentation techniques.
The curriculum objectives will be assessed through both formative and summative assessment modes - students’ written work, assignments, quizzes, tests and examinations.
In addition to the formal curriculum programme, students also participate in learning journeys where possible (e.g. class visits) and enrichment programmes (e.g. Financial Management workshop and economic simulations).