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Economics IB at Impington Village College

Course description

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.

Course content

Microeconomics

Supply and demand, the behaviour of the individual, firms and markets, market failure.

Macroeconomics

Introduction to macro-economics, national income accounting, inflation, unemployment, stabilisation policies.

International Trade

Reasons for trade, fee trade and protectionism, economic integration, WTO, balance of payments, exchange rates.

Development Economics

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.

Entry requirements

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.

 

 

 

Assessment

You will be assessed as follows:

Higher Level

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

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.

Further information

For more information about choosing courses at Impington International Sixth Form please see Choosing your IB Programme or contact the sixth form sixthform@impington.cambs.sch.uk.

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.

Last updated date: 27 June 2017
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    • Impington International College is unusual, to say the least, and is possibly unique amongst state education providers. The chance for young people from all over the world to work and socialise together gives tremendous opportunities for broadening cultural horizons, increasing understanding and challenging preconceptions. Impington International College offers a wide range of courses and programmes: BTECs and, since 1991, the International Baccalaureate Diploma Programme (IBDP), followed recently by the International Baccalaureate Careers Programme (IBCP). At the heart of all of our provision is the IB mission statement, which aims to develop inquiring, knowledgeable and caring young people who help to create a better and more peaceful world through intercultural understanding and respect. We actively encourage our students to become active, compassionate and lifelong learners who understand that other people, with their differences, can also be right. We have a good balance between overseas and UK students who come here to take the IBDP & IBCP and those who follow the BTEC route and others who are attracted by Impington’ s superb reputation in the area of Performance. We want outstanding achievement for all our students no matter what path they choose to follow. Our tutorial system and small class sizes ensure lots of individual attention but we encourage students to be independent and think for themselves. Our alumni are welcomed everywhere from Cambridge or St Andrew’s Universities, to The Place and Italia Conti; from Maastricht or Japan to UCAL. If you are prepared to challenge yourself to the full and if the opportunity to learn in an international environment motivates you, Impington International College will be the right place to prepare you for the next stage of your life.