Economics IB at Impington Village College
The IB economics course is resolutely international in its outlook. The course places a strong emphasis on international relationships and comparisons. Throughout this course you will develop and be able to show:
- your skills of economic reasoning;
- your ability to apply the tools of economic analysis to situations and data and to explain your findings;
- your understanding of how individuals and societies organise themselves in the pursuit of economic objectives;
- your ability to evaluate economic theories, concepts, situations and data in a way which is considered rational and unprejudiced;
- an understanding and appreciation of the diversity of international economies. Both the standard and higher level of study are divided into the following four main categories.
Supply and demand, the behaviour of the individual, firms and markets, market failure.
Introduction to macro-economics, national income accounting, inflation, unemployment, stabilisation policies.
Reasons for trade, fee trade and protectionism, economic integration, WTO, balance of payments, exchange rates.
Introduction to development economics, growth theory, technological change, problems of underdevelopment.
A History of Economics by J.K. Galbraith is a good introduction to this course.
There is no requirement to have studied Business or Economics before.
For the International Baccalaureate Diploma (IB), a student should be a general all-round student, with at least 7 6-grades or higher at GCSE or level 2 equivalent and have a 6 grade or more in the subject s/he wishes to take at IB diploma higher level or as IB single-subject certificate.
You will be assessed as follows:
Students will sit three papers which require essay writing, dataresponse and quantitative methods.In addition there is an internally assessed component requiring a portfolio of 3 commentaries on newspaper articles you have selected during the course.
Standard level students will sit two papers which require data response and essay writing. Additionally the internally assessed component requires the writing of 3 commentaries on newspaper articles which you have selected throughout the course.
How to apply
You can apply for this course through UCAS Progress. Add this course to your favourites so you can start making an application.