Economics

renaissance.edu.hk

Economics

IB Economics

WHAT MAKES A GOOD

IB DIPLOMA ECONOMIST?

Problem

Solver

International

Perspectives

Responsible

Application

Skills

Global

Citizen

Research

Skills

Practical

Skills

Numeracy

Skills

Personally

Commited

Analytical


IB Economics

STANDARD LEVEL - CORE UNITS

Microeconomics

Macroceconomics

International economics

Development economics

Topic examples:

Elasticity

Government policies

Exchange rates

The roles of foreign aid and

multilateral development

assistance


IB Economics

HIGHER LEVEL - CORE UNITS

Microeconomics

Macroceconomics

International economics

Development economics

Topic examples

Theory of the firm and market

structures

Calculations of nominal GDP, GNP/

GNI, and Real GDP (using a price

deflator)

Discussion of implications of current

account deficits

Distinguishing between an

improvement and a deterioration in

the terms of trade


IB Economics

EXTERNAL ASSESSMENT

PAPER 1

STANDARD AND HIGHER LEVEL

1 hour 30 minutes

extended response paper

40%/30%

PAPER 2

STANDARD AND HIGHER LEVEL

1 hour 30 minutes

data response paper

40%/30%

PAPER 3

HIGHER LEVEL only

1 hour

extended response paper

20%


IB Economics

INTERNAL ASSESSMENT

HIGHER

LEVEL

20%

3 commentaries of 650-750 each

STANDARD

LEVEL

20%

3 commentaries of 650-750 each


IB Economics

A degree in economics will have given you the

ability to explain complex data in easily

understandable terms to different audiences. You

should also now be a dab hand at mathematical and

statistical analysis, problem solving and time

management. These are skills worth having; the

Higher Education Statistics Agency reports

Cambridge economics graduates were the highestpaid

group among 2008's university leavers – six

months after graduating, each was earning more

than £38,000 on average.1.

Apart from banking, the civil service recruits

numerous economists. "Economics

graduates may go on to specialise in a

specific branch of their discipline, such as

agriculture or industry, but many are sought

by insurance companies and the wider

financial and business services sector," says

Margaret Holbrough, careers adviser at

Graduate Prospects. "Public and private

sectors alike recruit economics graduates, so

the opportunities are wide-ranging."1.

1. http://www.guardian.co.uk/money/2010/jun/26/graduates-work-and-careers

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